§ 48.25.120. Reinstatement
There shall be a provision that the policy may be reinstated at any time within two years from the due date of the premium in default unless the cash surrender value has been paid, or the extension period expired, upon the production of evidence of insurability satisfactory to the insurer and the payment of all overdue premiums and payment or reinstatement of any unpaid loans or advances made by the insurer against the policy with interest at a rate not exceeding six percent per annum and payable annually.
[1947 c 79 § .25.12; Rem. Supp. 1947 § 45.25.12.]
Sections: Previous 48.25.050 48.25.060 48.25.070 48.25.080 48.25.090 48.25.100 48.25.110 48.25.120 48.25.130 48.25.140 48.25.150 48.25.160 48.25.170 48.25.180 48.25.190 NextLast modified: April 7, 2009