§ 23-81-133 - Registered life insurance policies and annuity contracts -- Mutilated or surrendered policies.
23-81-133. Registered life insurance policies and annuity contracts -- Mutilated or surrendered policies.
The Insurance Commissioner shall cancel mutilated or surrendered policies, annuity bonds, and contracts issued by any insurers subject to 23-81-130 when surrendered to the commissioner and for the purpose of cancellation and certify other like policies, bonds, or contracts when issued in lieu thereof.