The warranty is non-cancelable by either party except for the following:
A. The contract fees are not paid.
B. Fraud or misrepresentation of facts material to the issuance of this contract.
Should the contract be cancelable under the laws of the state, where the contract holder resides, an allowable administrative fee will be charged upon cancellation. Terms of this policy that are in conflict with the statues of the states n which this contract is issued are amended to such statutes.