I.__Service contracts must state the terms, restrictions or |
conditions governing cancellation of the service contract |
prior to the termination or expiration date of the service |
contract by either the provider or the service contract |
holder.__The provider of the service contract shall mail a |
written notice to the service contract holder at the last |
known address of the service contract holder contained in |
the records of the provider at least 5 days prior to |
cancellation by the provider.__Prior notice is not required |
if the reason for cancellation is nonpayment of the provider |
fee, a material misrepresentation by the service contract |
holder to the provider or a substantial breach of duties by |
the service contract holder relating to the covered product |
or its use.__The notice must state the effective date of the |
cancellation and the reason for the cancellation. |