20-1268. Death pending conversion
In group life policies there shall be a provision that if a person insured under the group policy dies during the period within which he would have been entitled to have an individual policy issued to him in accordance with sections 20-1266 or 20-1267 and before such an individual policy becomes effective, the amount of life insurance which he would have been entitled to have issued to him under such 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 therefor has been made.
Section: Previous 20-1261 20-1262 20-1263 20-1264 20-1265 20-1266 20-1267 20-1268 20-1269 20-1270 20-1271 20-1272 20-1273 20-1274 20-1275 NextLast modified: October 13, 2016