CANCELLATION
THE COMPANY cancel this Policy by giving seven days' notice by
registered letter to the Insured at his last known address and in such event will
return to the Insured the premium paid less the pro rata portion thereof for the period thereof for the period the Policy has been in force or the Policy may be
cancelled at any time by the Insured on seven days' notice and (provided no
claim has risen during the current Period of Insurance and the current Certificate of Insurance has been returned to the Company on or before the date of cancellation ) the Insured shall be entitled to a return of peremium less the premium calculated at the Company's short period rates for the period the Policy has
been in force