The respondent State Insurance Fund insured appellant under a workmen's compensation policy originally issued in 1963. On July 25, 1966, respondent forwarded to appellant an estimated renewal deposit premium bill for the policy period from July 2, 1966 to July 2, 1967 in the amount of $320 based on the actual payroll of $35,088 during the policy period of July 2, 1964 to July 2, 1965. When appellant failed to pay the bill, a notice of cancellation, dated September 1, 1966...
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