Question: Stan has hired a car for three days. When he picked up the car, the hire company asked Stan if he wanted to pay an

Stan has hired a car for three days. When he picked up the car, the hire company asked Stan if he wanted to pay an extra amount for insurance and Stan agreed. When Stan returned the car three days later, he told the hire company that he decided he did not want to pay the extra amount for the insurance and wanted to exercise his cooling-off right. Can Stan cancel the insurance policy and get a refund on the premiums paid? In your response, Using IRAC method and quote INSURANCE CONTRACTS ACT 1984 - SECT 60 Cancellation of contracts of general insurance

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