Provisions in Industrial Life Insurance Policies More Favorable to Policyholder Permissible

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Any industrial life insurance contracts may be delivered or issued for delivery in this state, which contracts contain provisions more favorable to the policyholder than those required by §§56-7-701 —56-7-704, and nothing in §§56-7-701 —56-7-704 shall be construed as prohibiting more favorable provisions.


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