US Laws, Codes, Statutes & Cases

                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 19
                           LIFE INSURANCE POLICIES
                            AND ANNUITY CONTRACTS
    41-1911.  REINSTATEMENT. There shall be a provision that unless:
    (1)  The policy has been surrendered for its cash surrender value, or
    (2)  Its cash surrender value has been exhausted, or
    (3)  The paid-up term insurance, if any, has expired,
the policy will be reinstated at any time within three (3) years (or two (2)
years in the case of industrial life insurance policies) from the date of
premium default upon written application therefor, the production of evidence
of insurability satisfactory to the insurer, the payment of all premiums in
arrears with interest at a rate not exceeding eight per cent (8%) per annum
compounded annually and the payment or reinstatement of any other policy
indebtedness with interest at a rate not exceeding the applicable policy loan
rate or rates determined in accordance with the policy's provisions.