Cancel Policy Business Process

The policy cancellation business process lets brokers and policyholders cancel an in-force policy. The policyholder receives a refund for the unutilized premium on the policy, which is calculated based on the policy effective date and the effective date of the cancellation transaction.

• Cancel Policy OmniScript
  You can launch this OmniScript from the following applications, where it can be accessed by the types of users described:
• Cancel Policy from Policies UI
  To cancel any policy from the Policies UI, first go to the Policies list page and click the policy you want to cancel.