Dear [Defendant's Name], RE: Repayment of Unearned Premiums — Demand Letter I hope this letter finds you well. I am writing on behalf of [Insurance Company Name], regarding your unfulfilled obligation to repay unearned premiums resulting from the early cancellation of your policy. As you are aware, an insurance policy, specifically [Policy Type], was issued to you by our company on [Policy Effective Date]. Per the terms and conditions of the policy, you were obligated to pay premiums for the entire policy term, which was scheduled to end on [Policy Expiration Date]. Unfortunately, you chose to terminate the policy prematurely, thereby leaving a considerable unearned premium amount owed to us. Under Illinois insurance laws, unearned premiums must be returned to the policyholder on a pro rata basis, in accordance with the effective date of the cancellation. In this case, your cancellation date was recorded as [Cancellation Date]. Calculating the unearned premium based on the number of days remaining in the policy term, we have determined the outstanding unearned premium amount to be $[Unearned Premium Amount]. We kindly request immediate payment of this sum to settle the outstanding debt. Please note that as per the terms of the insurance policy you signed, failure to remit payment within [Payment Timeline] will result in additional penalties and potential legal action being taken against you to recover the debt owed. We understand that circumstances may have led to the cancellation of your policy, and we are committed to resolving this matter amicably. If you are experiencing financial difficulties, we may be able to offer alternative repayment arrangements or explore a settlement agreement to resolve this outstanding debt. However, we require your prompt cooperation and communication to accommodate any such requests. Kindly contact our representative at [Contact Person/Department] to discuss the available options or to arrange payment. We highly recommend addressing this issue promptly to avoid any further consequences. Please note that any delays or lack of response may result in additional legal proceedings, impacting your credit rating. We trust that you will treat this matter with the seriousness it deserves and expedite the repayment process. We remain willing to work towards an amicable resolution, and we hope to receive your prompt response. Thank you for your immediate attention to this matter. Yours sincerely, [Your Name] [Your Title] [Contact Information]