Upon the cancellation of any policy of insurance issued under the provisions of this chapter all obligations to the association having been paid, the unearned portion of any advance assessment paid, other than the emergency fund, shall be returned to the insured upon the surrender of the insured's policy, the association retaining a pro rata share for losses and in addition actual expenses incurred on said policy.
[S13, § 1759-m; C24, 27, 31, 35, 39, § 9056; C46, 50, 54, 58, 62, § 518.31; C66, 71, 73, 75, 77, 79, 81, § 518A.31]
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Last update: Thu Mar 18 15:00:31 CST 1999
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