632.44 – Required provisions in life insurance.
632.44 Required provisions in life insurance. (1) Separate benefits. Every life insurance policy shall specify separately each benefit promised in the policy. (2) Grace period. Every life insurance policy other than a group policy shall contain a provision entitling the policyholder to a grace period of not less than 31 days for the payment of […]
632.45 – Contracts providing variable benefits.
632.45 Contracts providing variable benefits. (1) Identification. Any contract issued under s. 611.25 or under any section of chs. 600 to 646 incorporating s. 611.25 by reference which provides for payment of benefits in variable amounts shall contain a statement of the essential features of the procedure to be followed by the insurer in determining […]
632.41 – Prohibited provisions in life insurance.
632.41 Prohibited provisions in life insurance. (1) Assessable policies. No insurer may issue assessable life insurance policies under which assessments or calls may be made upon policyholders or others. (2) Burial insurance. Except as provided in s. 632.415, no contract in which the insurer agrees to provide benefits to pay for any of the incidents […]
632.415 – Funeral policies.
632.415 Funeral policies. (1) In this section, “multipremium funeral policy” means a life insurance policy sold under sub. (2) for which premiums to fund the policy are paid over time. (2) A life insurance policy may provide for the assignment of the proceeds of the policy to a funeral director or operator of a funeral […]