40-422. Industrial life insurance; definitions.

40-422

Chapter 40.--INSURANCE Article 4.--GENERAL PROVISIONS RELATING TO LIFE INSURANCE COMPANIES

      40-422.   Industrial life insurance; definitions.As used in this act "industrial life insurance" means either that formof life insurance under which the premiums are payable weekly, or thatunder which the premiums are payable monthly or oftener if the face amountof insurance provided in the policy is less than one thousand dollars andthe words "industrial policy" are printed in prominent type on the face ofthe policy.

      History:   L. 1941, ch. 258, § 1; June 30.