(a) Every policy issued by a stipulated premium plan insurer in this state shall specify the sum of money which it promises to pay upon each contingency insured against and the time of payment after satisfactory proof of the happening of the contingency.
(b) Unless the contract has been voided by fraud or breach of its conditions and warranties, the insurer shall be obligated to the insured for payment at the times specified of the amount due under the policy.
Section: Previous 23-71-103 23-71-104 23-71-105 23-71-106 23-71-107 23-71-108 23-71-109 23-71-110 23-71-111 23-71-112 23-71-113 23-71-114 23-71-115 23-71-116 NextLast modified: November 15, 2016