Cooling-Off definition
Examples of Cooling-Off in a sentence
If you make a change or cancel your policy mid-term (other than in the 14-day Cooling Off period) which results in a return premium, we will retain all fees and any commission to cover our administration and advisory services.
We will also make the following administration charges per policy: New Business £30 Renewal/ Replacement £30 Mid-term Adjustment - per occurrence £30 Cancellation (including during the 14-day Cooling Off period) £50 If you make a change or cancel your policy mid-term (other than in the 14-day Cooling Off period) which results in a return premium, we will retain all fees and any commission to cover our administration and advisory services.
We will also make the following administration charges per policy: New Business £25 Renewal/ Replacement £25 Mid-term Adjustment - per occurrence £50 Cancellation (including during the 14-day Cooling Off period) £50 Our commission and fee(s) are earned on placement of your insurance.
We will also make the following administration charges per policy: New Business £ Renewal/ Replacement £ Mid-term Adjustment - per occurrence £ Cancellation (including during the 14-day Cooling Off period) £ Our commission and fee(s) are earned on placement of your insurance.
Therefore, the Processing Fee is nonrefundable irrespective of the fact whether the Borrower decides within the Cooling Off period to not continue the Loan or decides to continue the Loan.