87.8 - INSOLVENCY CLAUSE PROHIBITED.
87.8 INSOLVENCY CLAUSE PROHIBITED.
No policy of insurance issued under this chapter shall contain any
provision relieving the insurer from payment if the insured becomes
insolvent or discharged in bankruptcy during the period that the
policy is in operation, or the compensation, or any part of it, is
unpaid. Section History: Early Form
[S13, § 2477-m48; C24, 27, 31, 35, 39, § 1474; C46, 50, 54,
58, 62, 66, 71, 73, 75, 77, 79, 81, § 87.8]