If Sean cancels his household insurance policy, by when must the insurer make a full refund of the premium paid?

In the context of household insurance, when a policyholder like Sean cancels their insurance policy, the insurer is typically required to process the cancellation and issue a refund of the premium paid within a specific timeframe. The correct answer, indicating that the insurer must make a full refund by 10 July, aligns with standard practices related to insurance policy cancellations.

This timeframe often reflects the regulatory requirements or company policy that governs how quickly insurers must act on cancellation requests. Typically, this duration allows for any necessary administrative processing time and ensures that the policyholder receives their funds promptly after the policy is canceled.

Such policies are in place to protect the interests of both the insurer and the insured, promoting transparency and ensuring that consumers are not unduly delayed in receiving their refunds.