Any policy shall be canceled at any time at the request of the insured upon the return of the policy to the home office of the association, and the payment of all premium charges against such policy; or by the association by giving five days' notice of such cancellation. Such service of notice may be made in person, or by mailing such notice by certified mail deposited in the post office and directed to the insured at the insured's post office address as given in or upon the policy, or to such other address as the insured shall have given to the association in writing. A post office department receipt of certified or registered mail shall be deemed proof of receipt of such notice. If in either case the cash payments shall exceed the amount properly chargeable, the excess will be refunded upon the surrender of the policy to the association at its home office.
[C66, 71, 73, 75, 77, 79, 81, § 518.23]
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