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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

Return Premium

This is the amount of premium returned to the insured, usually because of the early termination of a policy. It may be a pro-rata return premium or short rate return premium, depending upon the circumstances involved.