📄Status system

Description of insurance policy states

When the insurance contract is successfully margined, the corresponding initial status is “Valid”. Depending on the P-Market volatility during the term or at the time of expiration, the contract will have the following termination states:

Status	Description
	When the contract has touched P-Claim, the payment process has been activated
	The system has completed the payment to the user's wallet (*)
	At the time of contract expiration, P-Close is between P-Refund and P-Claim, the system returns the margin to the user's wallet.
	During the period, P-Market hits P-Expire, the liquidation is triggered At the time of contract expiration, P-Close is between P-Refund and P-Expire, the contract is liquidated due to expiration
	The contract completes the conditions for an early refund
	The contract was opened successfully but P-Open crossed the safe distance The user is refunded after that