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Insurance policy cancellation
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TD
#1 Posted : Tuesday, July 28, 2009 9:23:00 AM
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Joined: 11/27/2006
Posts: 57
Are there some guidelines from the insurance regulatory body on insurance policy cancellation? I thought the policy should just be pro-rated and you get back the remaining months equivalent.
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Kwanini
#2 Posted : Tuesday, July 28, 2009 11:45:00 AM
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Joined: 1/28/2009
Posts: 353
Location: Cloud
Td. most policies have a clause on this. Usually 30 days. If you got a good broker,the company overlooks this and pro ratas the period. Check your doc.

For i am the master and the captain of my fate !
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