CANCELLING YOUR POLICY. You have the right to cancel Your Policy at any time. Please see the below table for Your refund rights. Where You wish to cancel Your Policy please contact the Policy Retailer. Time period Refund Rights Cancellation before Policy commencement date If You cancel before the Policy commencement date, you will be entitled to a full refund of premium paid and no administration fee will be charged. Cancellation within thirty (30) days of the start date on the Certificate of Insurance or receipt of the Policy terms (whichever is later) If You cancel within thirty (30) days and have not made a successful claim on Your Policy, You will be entitled to a full refund of premium paid. Cancellation after thirty (30) days from the start date on the Certificate of Insurance or receipt of the Policy terms (whichever is later) If You cancel after thirty (30) days and have not made a successful claim on Your Policy, You will be entitled to a pro rata refund, based on the number of fully unexpired months remaining on Your Policy minus a fixed amount of £35 to cover Our costs incurred in relation to Your cancelled Policy. A pro rata refund example is as follows: - • 36-month Policy term. • £360 total premium paid for Policy. • Cancellation in month 18 leaves 18 full months remaining. • Pro rata refund of £180 less £35 administration fee. • Amount of refund due to You is £145.
CANCELLING YOUR POLICY. How You may cancel this Policy • You may cancel this Policy at any time by telling Us in writing that You want to cancel it. You can do this by giving the notice to Us or Your Financial Services Provider. • Where ‘You’ involves more than one person, We will only cancel the Policy when a written agreement to cancel the Policy is received from all persons named as the Insured. How We may cancel this Policy • We may cancel this Policy in any of the circumstances permitted by law by informing You in writing in accordance with the Insurance Contracts Act 1984 (Cth). • We will give You this notice in person or send it to Your address last known to Us. The Premium Where the Policy is cancelled We will refund to You the proportion of the Premium for the remaining Period of insurance. If We have paid a claim for total loss no refund Premium will be given. Cooling-off information If You want to return Your insurance after Your decision to buy it, You may cancel it and receive a full refund. To do this You may notify Us or Your Financial Services Provider electronically or in writing within 21 days from the date the Policy commenced. This cooling-off right does not apply if You have made or are entitled to make a claim. Even after the cooling-off period ends, You still have cancellation rights however Your Financial Services Provider may deduct certain amounts from any refund for administration costs or any non-refundable taxes. Other party’s interests You must tell Us of the interests of all parties (e.g. financiers, owners, lessors) who will be covered under this Policy. We will protect their interests only if You have told Us about them and We have noted them on Your Policy Schedule. How You can pay Your Premium You can pay Your Premium;
CANCELLING YOUR POLICY. You have the right to cancel Your Policy at any time. Please see the below table for Your refund rights. Where You wish to cancel Your Policy within the thirty (30) day period specified below, please notify the Policy Retailer. If You wish to cancel after the thirty (30) day period, please contact the Policy Retailer. Time period Refund Rights Cancellation before policy commencement date If you cancel before the policy commencement date, you will be entitled to a full refund of premium paid and no administration fee will be charged Cancellation within thirty (30) days of the start date on the Policy Schedule or receipt of the Policy terms (whichever is later) If You cancel within thirty (30) days and have not made a claim on Your Policy, You will be entitled to a full refund of premium paid, less £15 to cover our costs incurred in relation to your cancelled policy.
CANCELLING YOUR POLICY. Cancellation by You – You may cancel this policy at any time by giving written notice to us at our address shown on the first page of this policy. The effective date of your request to cancel this policy will be the date we receive your cancellation notice. If you cancel your policy within 30 days from the date you receive this policy, any premium paid will be refunded to you. If you cancel your policy any time after this, any premium paid after we receive notice of your cancellation will be refunded to you on a pro-rated basis. Non-Cancellable by Us – We cannot cancel your policy before the expiry date. However, in certain circumstances of misrepresentation or non-disclosure, we may declare the policy void. Refer to the sections entitled “Misrepresentation” and “When your date of birth or gender is misstated”. Automatic Termination – Your coverage under this policy will automatically terminate immediately and without notice or further action by us, on the earliest of:
CANCELLING YOUR POLICY. You may cancel the Policy with the Supplying Dealer within thirty (30) days of the delivery date of Your Vehicle without financial penalty provided no claim has been submitted. Thereafter both parties must give thirty (30) days’ notice of cancellation. The Policy has no surrender value and no premium paid will be refunded after thirty (30) days of Your Vehicle delivery date.
CANCELLING YOUR POLICY. You have the right to cancel Your Policy at any time. Please see the below table for Your refund rights. If You wish to cancel Your Policy within the thirty (30) days from the Policy commencement date, please contact the Policy Retailer. If You wish to cancel after the thirty (30) days from the Policy commencement date, please contact the Administrator.
CANCELLING YOUR POLICY. You may cancel this Policy at any time by notifying Us of the cancellation of Your Policy in writing. There will be no refund of premium. We have the right to cancel Your Policy at any time by giving You seven days’ notice in writing where there is an exceptional or valid reason for doing so. We will send Our cancellation letter to the latest address We have for You and will set out the reason for cancellation in Our letter. Exceptional or valid reasons may include but are not limited to:
CANCELLING YOUR POLICY. The cover is provided to you free of charge by the Policyholder (TAP). Only the Policyholder (TAP) has rights to cancel the group insurance contract. If We (Insurer) want to cancel Your Policy: We can cancel this Policy by giving You 30 days written notice. We will only do this for a valid reason. Examples of valid cancellation reasons include attempted or actual fraud, or where We are ordered or instructed to cancel this Policy by a regulator, court, or other law enforcement agency. If We cancel the Policy We will refund any premium paid by the Policyholder for the cancelled period provided You (Insured) have not made a Claim under the Policy during the current Period of Insurance.
CANCELLING YOUR POLICY. For Consumers you will normally have the right to cancel your policy for a period of 14 days from the commencement date of your cover or after you receive your policy, whichever is later. Full details are provided in the insurer’s policy document. For Commercial customers, if cancellation rights are available these will be documented in the policy documents, which will also explain whether the insurers will retain the premium in full or in part in the event of cancellation before the policy expires. We have the right to instruct cancellation of your policy at any time by giving you seven days' notice in writing where there is a valid reason for doing so. We will send our cancellation letter to the latest address we have for you and will set out the reason for cancellation in our letter. Valid reasons may include but are not limited to: ❑ Where we have been unable to collect a single or instalment premium payment. ❑ Where you are required in accordance with the terms of the policy to send us information or documentation and you fail to do so in a way that materially affects our ability to process a claim, or our ability to defend our interests. ❑ Where we do not receive evidence of your no claim discount within 21 days from the start date of the policy. ❑ Where we reasonably suspect fraud; or ❑ Use of threatening or abusive behaviour or language, or intimidation or bullying of our staff or suppliers. LOOKING AFTER YOUR MONEY In the vast majority of cases we act as the agent of the insurer when collecting or refunding premiums. This means when you have paid us you have effectively paid the insurer. In a few cases pending passing your premium to the insurance provider or refunding premiums to you we keep your premium in a Statutory Trust Account. The aim of the trust is to protect you in the event of the failure of the firm, or the failure of the bank. In such a circumstance, the firm’s general creditors should not be able to make claims on your money as it will not form part of our property. No interest is payable on premiums held.
CANCELLING YOUR POLICY. You have the right to cancel Your Policy at any time. Please see the below table for Your refund rights. Where You wish to cancel Your Policy within the thirty (30) day period specified below, please notify the Policy Retailer. If You wish to cancel after the thirty (30) day period, please contact Time Period Refund Rights Cancellation after thirty (30) days from the start date on the Policy Schedule or receipt of the Policy terms (whichever is later) If You cancel after thirty (30) days and have not made a successful claim on Your Policy, You will be entitled to a pro rata refund, based on the number of fully unexpired calendar months remaining on Your Policy minus a fixed amount of £35 to cover Our costs incurred in relation to Your cancelled Policy. If the unexpired pro rata value of Your Policy is less than the £35 administration fee, We will not charge the balance. A pro rata refund example is as follows: - • 36-month Policy term. • £299 total premium paid for Policy. • Cancellation in month 12 leaves 24 full months remain- ing. • Pro rata refund of £199.33 less £35 administration fee. • Amount of refund due to You is £164.33.
