Legal and policy risk: the risk caused by the change of relative laws, regulations, rules and policies and the debut of emergent measures which lead to prematurely termination of this product.
The explanation was the manufacturer's policy: its products should not be sold below the suggested retail price, and dealers who do not comply are subject to termination.
制造商给出的解释是：它的厂品不得以低于建议零售价格销售，不服从规定的代理商将会被终止代理权。
3
After termination of the Policy, the premium shall be refunded to the Insured calculated on prorata daily basis for the period from the date of termination to the date of expiry.