41-1913 — PAYMENT OF CLAIMS

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                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 19
                           LIFE INSURANCE POLICIES
                            AND ANNUITY CONTRACTS
    41-1913.  PAYMENT OF CLAIMS. There shall be a provision that when a policy
shall become a claim by the death of the insured, settlement shall be made
upon receipt of due proof of death and, at the insurer's option, surrender of
the policy and/or proof of the interest of the claimant. If an insurer shall
specify a particular period prior to the expiration of which settlement shall
be made, such period shall not exceed two (2) months from the receipt of such
proofs.