According to the OAP 1 policy, which of the following does NOT state something about policy termination?

In the context of the OAP 1 policy, understanding policy termination is crucial for both insurers and policyholders. The correct choice highlights an aspect that does not relate directly to the termination of the policy itself.

The specific parameters defining "who may cancel the policy," "how much notice must be given," and "how the notice must be given" are all integral to the processes related to policy termination. These elements provide clarity on the responsibilities and actions required by the parties involved when a policy is canceled.

On the other hand, while the actual amount of premium to be refunded may be relevant once a policy is terminated, it does not pertain to the procedural aspects of termination itself. That is, the refund amount is a consequence of cancellation, rather than a guideline or rule surrounding how or when a policy can be terminated. Hence, it is appropriate that this choice does not directly state something about the termination process, making it the correct answer.