 
Health Insurance California >> Worker’s Compensation >> Workers Compensation Cancellation Workers Compensation Cancellation If you wish to cancel the insurance policy before the end of the policy term, you would pay a penalty. The insurance premium would be actually based on the time of insurance policy in force, and increased by a standard short-rate percentage to cover company expenses. If the company cancels the insurance policy, the insurance premium would be based on the actual number of days it was in force (pro-rata). Also, your insurance company might charge you the minimum insurance premium when the calculated short rate premium is less than its established minimum insurance premium. Therefore, read your insurance policy very cautiously regarding the final determination of insurance premium upon its cancellation.
For more informations on our services contact insurance brokers John Good | Kelly Good |
|
