Question

An insured that the right to cancel a policy by written notification to the insurer. This notification may be mailed to the insurer or returned to the original agent who made the sale. Upon receipt of the cancellation request, the insurer will ___________.

Answer 1

Answer: Refund any premiums and policy fees within 30 days of notice if the policy is within the cancellation period specified by the insurer

Explanation:

Upon receipt of the cancellation request, the insurer will

refund any premiums and policy fees within 30 days of notice if the policy is within the cancellation period specified by the insurer.