Which of the following statements is true about an insured who wishes to cancel her insurance policy?

An insured has the right to cancel her insurance policy at any time, which makes the first statement true. This ability is generally established in the terms of most insurance contracts. It highlights the autonomy and control the policyholder has over their insurance coverage. While there may be stipulations about how and when to notify the insurer about the cancellation, the insured is not restricted to only canceling at the end of the term or required to gain approval from the insurer.

The option that asserts the need for approval from the insurer is inaccurate because policyholders typically can initiate cancellation without needing consent. Cancelling only at the end of the policy term disregards the flexibility afforded to policyholders and does not reflect standard insurance practices, where mid-term cancellations are acceptable. Similarly, the idea that a cancellation is impossible once a claim is filed also misunderstands the rights of the insured, as they can still choose to cancel the policy even after a claim has been made. However, implications of any premium refunds or coverage post-cancellation would need to be understood fully.