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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.
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