(1) Every policy shall specify:
(a) The names of the parties to the contract.
(b) The subject of the insurance.
(c) The hazards or perils insured against.
(d) The time when the insurance thereunder takes effect and the period during which the insurance is to continue.
(e) The premium.
(f) The conditions and provisions pertaining to the insurance.
(2) If under the policy the exact amount of premium is determinable only at stated intervals or termination of the contract, a statement of the basis and rates upon which the premium is to be determined and paid shall be included.
(3) This section does not apply to surety insurance policies, or to group life or health insurance policies. [Formerly 743.054]
Section: Previous 742.011 742.013 742.015 742.016 742.018 742.020 742.021 742.023 742.025 742.026 742.028 742.030 742.031 742.033 742.035 NextLast modified: August 7, 2008