How long does a credit limit remain valid?

How long does a credit limit remain valid?

With some insurers, at the start of each new policy year, a request is made to renew the limits and carry them forward to the new policy year. But with others, the limits remain valid until you decide yourself to scrap the limits or until the insurance company itself decides to withdraw, suspend or lower the limit.

The effect of the withdrawal of a limit is that you immediately have to suspend all further deliveries to the debtor, unless otherwise agreed with the credit insurer.

In the event of a claim being made, the limit is automatically suspended.