The group life insurance policy must contain a provision that if a person insured under the policy dies during the period within which the person would have been entitled to have an individual policy issued in accordance with AS 21.48.180 or 21.48.190 and before the individual policy becomes effective, the amount of life insurance that the person would have been entitled to have issued under the individual policy shall be payable as a claim under the group policy, whether or not application for the individual policy or the payment of the first premium has been made.
Section: Previous 21.48.100 21.48.110 21.48.120 21.48.130 21.48.140 21.48.150 21.48.160 21.48.170 21.48.180 21.48.190 21.48.200 21.48.210 21.48.220 21.48.230 NextLast modified: November 15, 2016