RSA 415-B:9 Cancellation of Insurance Contract Upon Default.

I. When a premium finance agreement contains a power of attorney enabling the premium finance company to cancel upon default any insurance contract or contracts listed in the agreement, the insurance contract or contracts shall not be cancelled by the premium finance company unless such cancellation is effected in accordance with this section.
II. After default, the premium finance company may cancel such insurance contract or contracts by mailing to the insurer a notice of cancellation, stating the effective date of cancellation. Such date shall be not less than 10 days from the date of mailing the notice. The insurance contract shall be cancelled as if such notice of cancellation had been submitted by the insured himself but without requiring the return of the insurance cont