Cancellation Clause
It is hereby declared and agreed that both the Insurer and the Insured are entitled to cancel this insurance at any time without given reason thereof, such cancellation shall however only become effective on the expiration of 30 (thirty) days from midnight of the day on which notice of the cancellation is issued. If the Insurer cancels the insurance, premium will be calculated on the short-term rate for the completed period of Insurance.
