Our Rights. We shall not be bound to accept any renewal of this policy and may at any time give twenty one (21) days notice of cancellation by recorded delivery to your last known address. You shall be entitled to the return of a proportionate part of the premium paid in respect of the unexpired term of this policy provided that there have been: a) no claims made under the policy for which we have made a payment; b) no claims made under the policy which are still under consideration; c) no incident likely to give rise to a claim but is yet to be reported to us; during the current period of insurance This termination will be without prejudice to your or our rights or claims incurred prior to the expiration of such notice. If a claim has been submitted or there has been any incident likely to give rise to a claim during the current period of insurance no refund for the unexpired portion of the premium will be given.
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