Section 870.906 - Cancellation of insurance(a) The right to cancel (or reduce) insurance transfers to the assignee; the insured individual cannot cancel (or reduce) insurance after making an assignment.(b) The assignee has the right to cancel insurance according to the provisions of §§ 870.502 and 870.505 . When there is more than one assignee, all assignees must agree to the cancellation. A cancellation of Basic insurance also cancels all Optional insurance.