When the policy is canceled by the association by giving notice thereof it shall retain only the pro rata assessment.
[S13, § 1759-m; C24, 27, 31, 35, 39, § 9057; C46, 50, 54, 58, 62, § 518.32; C66, 71, 73, 75, 77, 79, 81, § 518A.32]
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