Which of the below statement is correct with regards to a policy returned by a policyholder during the free look period?

• A. he insurance company will refund 100% of the premium
• B. he insurance company will refund 50% of the premium
• C. he insurance company will refund the premium after adjusting for proportionate risk premium for the period on cover, medical examination expenses and stamp duty charges
• D. he insurance company will forfeit the entire premium