17B:25-1 - "Industrial life insurance" ;  definition

17B:25-1.   "Industrial life insurance" ;  definition
    For the purpose of this code,  "Industrial life insurance"  is that form of  life insurance, issued by an insurer which, as to such insurance, is operating  under a debit plan of premium collection by agents, and under which the  premiums are payable monthly or oftener and the words "industrial policy" or  words of similar import are printed upon the policy as part of the descriptive  matter.

     L.1971, c. 144, s. 17B:25-1.