Who can cancel the Businessowners policy by mailing a written notice?

• A. The insured at any time
• B. The insurer only at policy expiration
• C. A third-party broker only
• D. Neither; it cannot be canceled

Answer: (A)

Cancellation rights in a Businessowners policy allow the insured to initiate ending coverage. The insured can cancel at any time by sending a written notice to the insurer, and the policy will terminate on the date stated in the notice or when the insurer receives it, per the policy terms. When this happens, the insurer typically refunds any unearned premium on a prorated basis. While the insurer also has cancellation rights under specific conditions (with proper notice), cancellation by a third‑party broker alone isn’t the mechanism, and the idea that no one can cancel isn’t correct. So, the insured has the right to cancel by mailing a written notice.