(a) There may be a provision as follows:
"Other Insurance in This Insurer: If an accident or sickness or accident and sickness policy or policies previously issued by the insurer to the insured is in force concurrently herewith, making the aggregate indemnity for .....(insert type of coverage or coverages) in excess of $.... (insert maximum limit of indemnity or indemnities) the excess insurance shall be void and all premiums paid for such excess shall be returned to the insured or to his estate."
(b) In lieu of the provision in subsection (a) of this section, there may be a provision as follows:
"Insurance effective at any one (1) time on the insured under a like policy or policies in this insurer is limited to the one (1) such policy elected by the insured, his beneficiary or his estate, as the case may be, and the insurer will return all premiums paid for all other such policies."
Section: Previous 23-85-114 23-85-115 23-85-116 23-85-117 23-85-118 23-85-119 23-85-120 23-85-121 23-85-122 23-85-123 23-85-124 23-85-125 23-85-126 23-85-127 23-85-128 NextLast modified: November 15, 2016