Questions & answers · Travel insurance
What does BCS Insurance Company's travel insurance policy say about cancelling and getting a refund?
AI-drafted from filed documents · reviewed: pendingcancellation and refundsBCS Insurance Company
Under BCS Insurance Company’s filed form for South Dakota (SD), if a refund is due, the insurer will issue and mail the refund within twenty (20) days after receiving the cancellation request [1]. The review period ends automatically upon departure from the trip [1].
Under BCS Insurance Company’s filed form for Alaska (AK), the insurer may cancel coverage and refund any unearned premium before the coverage end date for the following reasons: nonpayment of premium, material misrepresentation of fact, substantial change in the risk assumed, substantial breaches of contractual duties, conditions, or warranties, or loss of reinsurance covering all or a significant portion of the policy insured, or where continuation of the policy would imperil the insurer’s solvency or place it in violation of the insurance laws of this State [2]. The insurer has 30 days from the effective date of cancellation to notify the policyholder, or 20 days if cancellation is due to nonpayment of premium [2].
This does not appear in these excerpts — check the full policy.
Information only — not legal advice. The insurer decides.
These answers quote forms insurers filed with state regulators. Your own policy, its endorsements and your state’s rules control. A filed form may not be the version sold to you.
Where this comes from (2)
[1] BCS Insurance Company · SD · SERFF BCSF-134977120 · form BCSI-0626-IMTCST-POL-SD · p. 1
If a refund is due, We will issue and mail the refund within twenty (20) days after We receive the cancellation request. If You depart on Your Trip prior to the expiration of the review period, the review period shall automatically end upon Your departure. You are not eligible to purchase coverage or receive benefits under this Policy if You are unable to travel, are limited from travel, are medically restricted from travel, or are experiencing and/or are under treatment for any Illness or Injury that limits or restricts Your ability to travel on the date of purchase. You are not eligible to purchase coverage or receive benefits under this Policy if You have other insurance coverage for the loss(es) for which this Policy is intended to insurance against. Multiple recovers for the same loss covered by other insurance coverage is not available under this Policy. NO DIVIDENDS WILL BE PAYABLE UNDER THIS POLICY.
[2] BCS Insurance Company · AK · SERFF BCSF-133278486 · p. 21
We will cancel your coverage prior to the Coverage End Date, and refund any unearned premium before the effective date of cancellation except as otherwise provided by law, for any one or more of: 1. Nonpayment of premium; 2. Material misrepresentation of fact, which, if known to us would have caused us not to issue the policy; 3. Substantial change in the risk assumed, except to the extent that we should reasonably have foreseen the change or contemplated the risk in writing the policy; 4. Substantial breaches of contractual duties, conditions, or warranties; or 5. Loss of our reinsurance covering all or a significant portion of the particular policy insured, or where continuation of the policy would imperil our solvency or place us in violation of the insurance laws of this State. We have 30 days from the effective date of cancellation to notify you of these grounds for cancellation. In the event of cancellation due to nonpayment of premium, such notification shall be 20 days from the date of cancellation.
Drafted by a local AI model from the excerpts above, then checked by rules (citations, no rankings, no “not covered” claims from a partial excerpt). Question id Q4cebd393. Spotted an error? Tell us.