On July 11, the European Insurance and Occupational Pensions Authority (EIOPA) published a consultation paper on the revision of the guidelines on contract boundaries for technical provisions. A contract boundary is the future date where the insurer has a unilateral right to terminate the contract, reject premiums payable under the contract, or amend premiums or benefits such that the premium fully reflects the risk in the contract. The interpretation of the regulation on contract boundaries has been topic of debate since the start of Solvency II. The consultation aims to reduce divergent practices across Europe concerning contract boundaries by providing additional guidance on the topic. In this paper, we highlight the most important proposed changes and its implications for insurers.