If an insured cancels their Business Owners policy mid-term due to replacing with another company, we have an insurance company that cancels short-rate. However if the insured cancels due to sold, closed or ceased operations, then they do a pro-rata. They utilize the ISO BOP forms. Wouldn’t this be considered discrimination? The insured was with this company for over 40 years. The ISO cancellation states: if we cancel, the refund will be pro rata. If the first Named Insured cancels, the refund may be less than pro rata. We feel this is discrimination as the insured was replacing with another company. Please advise.
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