41-1815 — CONTENTS OF POLICIES IN GENERAL
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TITLE 41
INSURANCE
CHAPTER 18
THE INSURANCE CONTRACT
41-1815. CONTENTS OF POLICIES IN GENERAL. (1) Every policy shall specify:
(a) The names of the parties to the contract.
(b) The subject of the insurance.
(c) The risks 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 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) Subsections (1) and (2) above shall not apply as to surety contracts,
or to group insurance policies.