Every bond so filed shall contain a provision that it may not be cancelled by the principal or surety company, except on 60 days prior notice in writing, by certified mail to the Commissioner. A copy of such notice shall be mailed on the same day to the principal. The cancellation shall not affect the liability accrued or which may accrue under such bond before the expiration of the 60 days. The notice shall contain a proposed termination date.
2 Miss. Code. R. 1-2-09-103.04