(1) thirty (30) days of the date that the service contract was mailed to the service contract holder;

(2) twenty (20) days of the date the service contract was delivered to the service contract holder, if the service contract was delivered at the time of sale; or

(3) a longer time period as specified in the service contract.

(b) Upon return of the service contract to the service contract provider within the applicable time period, and if no claim has been made under the service contract prior to its return to the service contract provider, the service contract shall be void and the service contract provider shall refund to, or credit the account of, the service contract holder with the full purchase price of the service contract. A ten percent (10%) penalty per month shall be added to a refund that is not paid or credited within sixty (60) days after the return of the service contract to the service contract provider.

COL10312014
22 Guam Code Ann. BUSINESS REGULATIONS
CH. 12 ADMINISTRATION

(c) The right to void a service contract under Subsection (b) shall not be transferred and shall apply only to the original service contract purchaser upon the terms and conditions provided in the contract and consistent with this Article.

(d) Upon cancellation of a service contract by the service contract provider, the service contract provider, at least five (5) days prior to cancellation, shall mail to the service contract holder at the service contract holder’s last known address, a written prior notice of cancellation that states the effective date of the cancellation; provided, that prior notice under this Subsection shall not be required if the cancellation is for:

(1) nonpayment of the service contract provider’s fee for the service provided under the service contract;

(2) a material misrepresentation by the service contract holder to the service contract provider; or

(3) a substantial breach of duties of the service contract holder under the service contract, relating to a covered product or its use.