Which of the below statement is correct with regards to a policy returned by a policyholder during the free look period?

Which of the below statement is correct with regards to a policy returned by a policyholder during the free look period? Correct Answer The insurance company will refund the premium after adjusting for proportionate risk premium for the period on cover, medical examination expenses and stamp duty charges

The insurance company will refund the premium after adjusting for proportionate risk premium for the period on cover, medical examination expenses and stamp duty charges.
Bissoy MCQ

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