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" A provision which, in event of default in premium payments, after premiums shall have been paid for three full years, shall secure to the owner of the policy a stipulated form of insurance, the net value of which shall be at least equal to the reserve... "
Public and Local Acts of the Legislature of the State of Michigan - Page 87
by Michigan - 1923
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Acts Passed at the ... Session of the General Assembly for the Commonwealth ...

Kentucky - 1922 - 564 pages
...premium payments, after premiums shall have been paid for five years, the insured shall be entitled to a stipulated form of insurance, the net value of which shall be at least equal to two-thirds of the reserve on the policy at date of default, from which any existing indebtedness to...
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The Pacific Reporter, Volume 173

1918 - 1214 pages
...premium payments after premiums shall have been paid for three years, the insured shall be entitled to a stipulated form of insurance, the net value of which...reserve at the date of default on the policy and on dividend additions thereto, if any (the policy to specify the mortality table and rate of interest...
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Laws

Illinois - 1907 - 644 pages
...premium payments, after premiums shall have been paid for three years, the insured shall be entitled to a stipulated form of insurance, the net value of which...reserve at the date of default on the policy and on dividend additions thereto, if any, (the policy to specify the mortality table and rate of interest...
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Laws Passed by the ... Legislature of the State of Texas

Texas - 1909 - 606 pages
...centum of the face value thereof, including net dividend additions thereto. GENERAL LAWS OF TEXAS. 201 owner of the policy a stipulated form of insurance,...reserves, less a sum not more than two and one-half per cent of the amount insured by the policy and of any existing dividend additions thereto, and less any...
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Hayden's Annual Cyclopedia of Insurance in the United States

1909 - 752 pages
...provision which, in event of "default in premium payments" after premiums shall have been paid for three years, shall secure to the owner of the policy a stipulated...the policy, and on any dividend additions thereto, less a sum not exceeding 2]/2 per cent, of the amount insured by the policy, and of any existing dividend...
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Analysis of Policy Conditions of American and Canadian Life Insurance Companies

Spectator Company (New York, N.Y.) - 1909 - 156 pages
...provision which, in event of default in premium payments after premium shall have been paid for three years, shall secure to the owner of the policy a stipulated...net value of which shall be at least equal to the entire reserve held by the company on the policy (specifying the mortality table and the rate of interest...
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Laws Relating to Insurance

Michigan - 1909 - 262 pages
...the option of the owner of the policy. less than the reserve at the end of the current policy year on the policy and on any dividend additions thereto,...table and rate of interest adopted for computing such reserve, less a sum not more than two and onehalf per centum of the amount insured by the policy and...
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Laws Enacted in the General Assembly of the Commonwealth of Pennsylvania ...

Pennsylvania. Laws, statutes, etc - 1911 - 1396 pages
...provision which, in event of default in premium payments after premiums shall have been paid for three years, shall secure to the owner of the policy a stipulated...form of insurance, the net value of which shall be sit least equal to the reserve at the date of default on the policy and on any dividend additions thereto,...
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Analysis of Policy Conditions of American and Canadian Life Insurance Companies

Spectator Company (New York, N.Y.) - 1912 - 168 pages
...provision which, in event of default in premium payments, after premiums shall have been paid for three years, shall secure to the owner of the policy a stipulated...computing such reserves, less a sum not more than 2}£ per cent of the amount insured by the policy and of any existing dividend additions thereto, and...
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Laws, Joint Resolutions, Appropriations and Memorials Passed by the ...

Nebraska - 1913 - 996 pages
...the option of the owner of the policy, less than, the reserve at the end of the current policy year on the policy and on any dividend additions thereto,...table and rate of interest adopted for computing such reserve, less a sum not more than two and one-half per cent of the amount insured by the policy and...
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