Unearned portions of any premiums paid by the insured need not be returned to the insured at the cancellation of the policy by the insurer.

Name: Unearned portions of any premiums paid by the insured need not be returned to the insured at the cancellation of the policy by the insurer.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When an insurance policy is canceled by the insurer, any unearned premiums must be returned to the insured, as they have paid for coverage that they will not receive.

Unearned Portions of Any Premiums Paid by the Insured Need