§ 863. —No. 9, payment of claims
(a) There shall be a provision as follows: “Payment of claims: Indemnity for loss of life will be payable in accordance with the beneficiary designation and the provisions respecting such payment which may be prescribed herein and effective at the time of payment. If no such designation or provision is then effective, such indemnity shall […]
§ 864. —No. 10, physical examination and autopsy
There shall be a provision as follows: “Physical examinations and autopsy: The insurer at its own expense shall have the right and opportunity to examine the person of the insured when and as often as it may reasonably require during the pendency of a claim hereunder and to make an autopsy in case of death […]
§ 865. —No. 11, legal actions
There shall be a provision as follows: “Legal actions: No action at law or in equity shall be brought to recover on this policy prior to the expiration of sixty days after written proof of loss has been furnished in accordance with the requirements of this policy. No such action shall be brought after the […]
§ 866. —No. 12, change of beneficiary
There shall be a provision as follows: “Change of beneficiary: Unless the insured makes an irrevocable designation of beneficiary, the right to change of beneficiary is reserved to the insured and the consent of the beneficiary or beneficiaries shall not be requisite to surrender or assignment of this policy or to any change of beneficiary […]
§ 862. —No. 8, time of payment of claims
There shall be a provision as follows: “Time of payment of claims: Indemnities payable under this policy for any loss other than loss for which this policy provides any periodic payment will be paid immediately upon receipt of due written proof of such loss. Subject to due written proof of loss, all accrued indemnities for […]
§ 852. Format of disability policies
No disability policy shall be delivered or issued for delivery to any person in this territory unless it otherwise complies with this title, and complies with the following: (1) it shall purport to insure only one person, except as to family expense insurance written pursuant to section 883 of this title; (2) the style, arrangement […]
§ 853. Policies issued by domestic insurer for delivery in another state
If any policy is issued by a domestic insurer for delivery to a person resident in another territory or state, and if the Commissioner of Insurance or corresponding public official of such other territory or state has advised the Commissioner that any such policy is not subject to approval or disapproval by such official, the […]
§ 854. Standard provisions required; substitutions; captions
Except as provided in section 813 of this title, each such policy delivered or issued for delivery to any person in this territory shall contain the provisions as specified in sections 855–866, inclusive, of this title, in the words in which the same appear; except, that the insurer may, at its option, substitute for one […]
§ 855. Standard provision No. 1, entire contract; changes
There shall be a provision as follows: “Entire contract; changes: This policy, including the endorsements and attached papers, if any, constitutes the entire contract of insurance. No change in this policy shall be valid until approved by an executive officer of the insurer and unless such approval be endorsed hereon or attached hereto. No agent […]
§ 856. —No. 2, time limit on certain defenses
There shall be a provision as follows: “Time limit on certain defenses: (a) After three years from the date of issue of this policy, no misstatements except fraudulent misstatements made by the applicant in the application for such policy shall be used to void the policy or to deny a claim for loss incurred or […]