(a) This section, §§ 23-81-101, 23-81-103 -- 23-81-117, 23-81-120 -- 23-81-136, and the Standard Nonforfeiture Law for Life Insurance, § 23-81-201 et seq., apply to contracts of life insurance and annuities, other than reinsurance, group life insurance, group annuities, and industrial life insurance.
(b) However, the following statutes shall also apply to industrial life insurance:
(1) Section 23-81-114, excluded or restricted coverage;
(2) Section 23-81-115, limitation of liability;
(3) Section 23-81-129, incontestability after reinstatement;
(4) Section 23-81-120, prohibited policy plans; and
(5) The Standard Nonforfeiture Law for Life Insurance, § 23-81-201 et seq.
Section: 23-81-102 23-81-103 23-81-104 23-81-105 23-81-106 23-81-107 23-81-108 23-81-109 23-81-110 23-81-111 23-81-112 23-81-113 23-81-114 23-81-115 NextLast modified: November 15, 2016