![]() Patient Protection & Affordable Care Act (PPACA).Health Insurance - Small Employer Availability Act.Health Insurance - Medicare Supplement Insurance.Continuing Education - Requirement for Newly Licensed Producers.Continuing Education - Reporting Credit Hours & Compliance.Continuing Education - Non-Resident Requirements.Continuing Education - Filing & Compliance Deadline.Continuing Education - Exemptions, Extensions & Hardship Extensions.Continuing Education - Credit Hour & Course Information.Continuing Education - Consequences of Failure to Comply.Continuing Education - Compliance Requirements.Continuing Education - Adding a New Line of Authority.Next stepsĬheck that you are within the cooling-off period. In most cases your insurer will wait until the policy needs to be renewed then refuse to renew the policy. you have not kept to the terms of the policy.something has happened to make it much more likely you will make a claim, or.They are only likely to do this if they believe: Occasionally your insurer may wish to cancel your policy. It’s a good idea to make sure you have a new policy in place before cancelling the old one so that you’re not left uninsured. It’s important to check when your policy is due for renewal so you can make sure that it is not renewed when you don't want it to be. Some policies are automatically renewed each year. You must contact your insurer to cancel the policy. If you do this you will still owe your insurer the premiums. If you are thinking of cancelling your policy because you’ve found a better deal with another insurer it may be easier and cheaper to wait until your policy is due for renewal and then switch.Ĭancelling a direct debit does not cancel your insurance policy. Most insurers will give you a refund if you have not made any claims during the policy year but you will usually have to pay administration fees. ![]() If you want to cancel your policy after the cooling-off period you should check your insurance policy. The right to cancel during a cooling-off period does not apply to travel insurance that lasts less than one month. If you want to cancel your policy during the cooling-off period you should contact your insurer as soon as possible If you’re not sure how long your cooling-off period is, you can check the terms of your insurance policy. Some insurers may give you a longer cooling-off period. They may also charge you a small administration fee. However, your insurer may take off a small amount to cover days when the policy was in force. You should get a refund of any premiums you have already paid. ![]() The cooling-off period starts from when the policy begins or when you receive your policy documents, whichever is later. If you’ve bought life insurance, the cooling-off period is 30 days. By law, you have a minimum 14-day cooling-off period during which you can cancel the policy for any reason. You may want to cancel an insurance policy if you have just bought it and have changed your mind. This page explains what you can do if you’ve taken out an insurance policy and decide you want to cancel it. However, you may decide that you no longer want or need your insurance policy. ![]() Insurance gives you extra protection if things go wrong. ![]()
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