83-7-113 - Waiver of premium.
§ 83-7-113. Waiver of premium.
The accelerated benefit provision may or may not provide for the waiver of premium in the absence of a regular waiver of premium provision being in effect. At the time the benefit is claimed, the company shall explain any continuing premium requirement to keep the policy in force.
Sources: Laws, 1991, ch. 464, § 7, eff from and after July 1, 1991.