519.8 - CANCELLATION OF POLICY. - Iowa Statutes

519.8 CANCELLATION OF POLICY. Any certificate of membership, or policy, issued by such a mutual insurance corporation may be canceled by the corporation by giving thirty days' written notice thereof to the insured; or such cancellation may be upon demand of the insured; and such cancellation, when so made, either by the corporation or by the insured, shall be upon a pro rata basis, and the cancellation of such certificate or policy shall release the member from all other future obligations to such corporation.          Section History: Early Form [C24, 27, 31, 35, 39, § 9077; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 519.8]