Common use of Rescission Right Clause in Contracts

Rescission Right. Upon receipt of a copy of the Insurance Application, you have 20 days to cancel this insurance, without penalty. If that is the case, return this certificate to us at the following address by recommended mail or any other method that requires a signature at ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇ ▇▇▇. Upon receipt, we will cancel your insurance retroactively to the effective date of insurance and reimburse the premium paid.