What does OAP 1, Statutory Condition 11 specifically not address?

Statutory Condition 11 of the Ontario Auto Policy (OAP 1) specifically pertains to the cancellation of an insurance policy, detailing the responsibilities and processes involved in canceling a policy. This condition primarily focuses on the procedures for cancellation, such as who has the authority to cancel the policy and how and when the notice of cancellation must be provided to the insured party.

Among the options provided, the correct choice indicates that Statutory Condition 11 does not address the actual amount of premium to be refunded following the cancellation of a policy. This is significant because while the condition stipulates the procedural aspects of cancellation, the specifics of the premium refund amount typically depend on various factors such as the insurer's terms, the duration of coverage used, and any applicable laws or regulations regarding refunds. Thus, the determination of the refund amount is separate from the procedural requirements outlined in this statutory condition. Understanding this distinction can help in accurately interpreting the provisions of the policy and managing cancellation processes effectively.