Grace, reinstatement, and nonforfeiture provisions required.

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58-28-28. Grace, reinstatement, and nonforfeiture provisions required.

Any individual variable life insurance or annuity contracts delivered or issued for delivery in this state shall contain grace, reinstatement, and nonforfeiture provisions appropriate to such a contract.

Source: SL 1971, ch 266, §5; SL 1977, ch 412, §21.


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