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Neil G. McDonald Ltd.
3800 Steeles Ave West, Suite 201E,
Woodbridge, Ontario L4L 4G9
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Hours
Mon-Fri 9-4:30 EST

Cancellation

The termination of the policy before the end of a policy period. Also known as Termination, Dissolution. Usually if the company cancels the policy, the insured is entitled to a pro rata return of premium for the unused portion of the policy. If the insured cancels the policy, they are entitled to a short rate (as set out on the policy) return of premium.