Identify the True Statement About Cancellation of an Insurance Policy

Identify the true statement about cancellation of an insurance policy.

A) Insurance contracts cannot be cancelled by the insured by surrendering the policy to the insurer.
B) Insurance contracts contain a reinstatement clause that allows an insured to reinstate a cancelled policy.
C) Insureds who terminate are entitled to a return of the premium on a short-rate basis.
D) Insurers that cancel need not return the unearned portion of any premiums paid by the insured.