15Refund formula

15 Refund formula (1) The refund formula is—paidfee forpaiddays remainingdays refund = days paid for means the total number of days the subject of the refund was to be in force. days remaining means the number of whole days remaining of the days paid for. fee paid means the relevant amount paid in relation to the subject of the refund, less any non-refundable amount paid in relation to the subject of the refund or payable in relation to the refund.