(a) Cancellation by a participant shall normally be allowed at the end of the coverage period set forth in the certificate of participation. The Board may allow midterm cancellations. Such cancellations shall result in a refund on pro-rata basis minus a surcharge equal to 10% of annual premium.
(b) The Entity shall give written notification of the intent to cancel thirty (30) days prior to the end of the coverage period.
006-7 Wyo. Code R. § 7-1