§ 977. Incontestability after reinstatement
The reinstatement of any policy of life insurance or contract of annuity hereafter delivered or issued for delivery in this territory may be contestable on account of fraud or misrepresentation of acts material to the reinstatement only for the same period following reinstatement as the policy provides with respect to contestability after original issuance.
§ 968. Misstatement of age or sex; annuities, pure endowments
In such contracts there shall be a provision that if the age or sex of the person or persons upon whose life or lives the contract is made, or of any of them has been misstated, the amount payable or benefit accruing under the contract shall be such as the stipulated payment or payments to […]
§ 969. Dividends; annuities, pure endowments
If such contract is participating, there shall be a provision that the insurer shall annually ascertain and apportion any divisible surplus accruing on the contract.
§ 970. Nonforfeiture benefits; annuities, pure endowments
Such contracts issued after the operative date of section 984 of this title shall contain— (1) a provision that in the event of default in any stipulated payment, the insurer will grant a paid-up nonforfeiture benefit on a plan stipulated in the contract, effective as of such date, of such value as is hereinafter specified; […]
§ 971. Reinstatement; annuities, pure endowments
In such contracts there shall be a provision that the contract may be reinstated at any time within one year from the date of default in making stipulated payments to the insurer, unless the cash surrender value has been paid, but all overdue stipulated payments and any indebtedness to the insurer on the contract shall […]
§ 972. Standard provisions; reversionary annuities
No contract for a reversionary annuity shall be delivered or issued for delivery in this territory unless it contains in substance each of the provisions specified in sections 973 and 974 of this title. Any of such provisions not applicable to single premium annuities shall not, to that extent, be incorporated therein. This section shall […]
§ 966. Incontestability; annuities, pure endowments
If any statements, other than those relating to age, sex, and identity, are required as a condition to issuing such an annuity or pure endowment contract, and subject to section 968 of this title, there shall be a provision that the contract shall be incontestable after it has been in force during the lifetime of […]
§ 967. Entire contract; annuities, pure endowments
In such contracts there shall be a provision that the contract shall constitute the entire contract between the parties, or, if a copy of the application is endorsed upon or attached to the contract when issued, a provision that the contract and the application therefor shall constitute the entire contract between the parties.
§ 963. Settlement on proof of death
There shall be a provision that when a policy becomes a claim by the death of the insured, settlement shall be made upon receipt of due proof of death and surrender of the policy.
§ 964. Standard provisions; annuities, pure endowment contracts
No annuity or pure endowment contract, other than reversionary annuities, or survivorship annuities, or group annuities, shall be delivered or issued for delivery in this territory unless it contains in substance each of the provisions specified in sections 965–971, inclusive, of this title. Any of such provisions not applicable to single premium annuities or single […]