(a) Subject to the provisions of W.S. 26-35-204, a nonrenewal or cancellation notice shall not be required if a policy is transferred from an insurer to an affiliated insurer under common management and control:
(i) As a result of a merger, acquisition or company restructuring; or (ii) If the transfer results in the same or broader coverage.
(b) Nothing in this section shall be construed as limiting the right of an insured to cancel a policy.