Sec. 38a-437. (Formerly Sec. 38-158). Copy of application to be furnished.
Sec. 38a-437. (Formerly Sec. 38-158). Copy of application to be furnished. (a)
Each person within this state holding a policy of insurance issued by a life insurance
company doing business in this state shall be furnished by the company with a copy of
the application upon which the policy was issued, upon demand made for such copy by
the policyholder, or by any person upon whose life the policy was issued.
(b) If the company fails for thirty days from the time of the demand to furnish to
the person making the demand a copy of the application, the company shall be forever
barred from setting up, by way of defense to any suit on the policy of insurance, any
error, incorrectness, fraud or misrepresentation of that person, or any mistake therein;
and the application shall thereafter be taken and held, so far as the application may affect
any claim under the policy, or any fund secured thereby, to be in all respects true and
correct.
(1949 Rev., S. 6148; P.A. 90-243, S. 63.)
History: P.A. 90-243 divided the section into Subsecs. and made technical changes for statutory consistency; Sec. 38-158 transferred to Sec. 38a-437 in 1991.