§ 48.20.242. Optional standard provision No. 20 -- Cancellation
There may be a provision as follows:
CANCELLATION: The insurer may cancel this policy at any time by written notice delivered to the insured, or mailed to his last address as shown by the records of the insurer, stating when, not less than five days thereafter, such cancellation shall be effective; and after the policy has been continued beyond its original term the insured may cancel this policy at any time by written notice delivered or mailed to the insurer, effective upon receipt or on such later date as may be specified in such notice. In the event of cancellation, the insurer will return promptly the unearned portion of any premium paid. If the insured cancels, the earned premium shall be computed by the use of the short-rate table last filed with the state official having supervision of insurance in the state where the insured resided when the policy was issued. If the insurer cancels, the earned premium shall be computed pro rata. Cancellation shall be without prejudice to any claim originating prior to the effective date of cancellation.
[1951 c 229 § 25. Prior: 1947 c 79 § .20.21; Rem. Supp. 1947 § 45.20.21.]
Sections: Previous 48.20.162 48.20.172 48.20.192 48.20.202 48.20.212 48.20.222 48.20.232 48.20.242 48.20.252 48.20.262 48.20.282 48.20.292 48.20.302 48.20.312 48.20.322 NextLast modified: April 7, 2009