20-1365. 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 thirty 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."
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