41-1923 — REINSTATEMENT -- ANNUITIES

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                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 19
                           LIFE INSURANCE POLICIES
                            AND ANNUITY CONTRACTS
    41-1923.  REINSTATEMENT -- ANNUITIES. In an annuity or pure endowment
contract, other than a reversionary or group annuity, there shall be a
provision that the contract may be reinstated at any time within one year from
the default in making stipulated payments to the insurer, unless the cash
surrender value has been paid, but all overdue stipulated payments and any
indebtedness to the insurer on the contract shall be paid or reinstated with
interest thereon at a rate to be specified in the contract but not exceeding
six per cent (6%) per annum payable annually, and in cases where applicable
the insurer may also include a requirement of evidence of insurability
satisfactory to the insurer.