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2011 Ohio Revised Code
Title [39] XXXIX INSURANCE
Chapter 3915: LIFE INSURANCE POLICY PROVISIONS
3915.10 Time extension for premium payments.
Universal Citation:
OH Rev Code § 3915.10
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A life insurance company may enter into subsequent agreements in writing with the insured, which need not be attached to the policy, to extend the time for the payment of any premium, or part thereof, upon the condition that failure to comply with the terms of such agreement shall lapse the policy. Subject to any lien that may be created to secure any indebtedness contracted by the insured in consideration of such extension, said agreement shall not impair any right existing under the policy.
Effective Date: 10-01-1953
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