20-1215. Payment of claims


There shall be a provision that when a policy becomes a claim by the death of the
insured settlement shall be made upon receipt of due proof of death and, at the insurer's
option, surrender of the policy, proof of the interest of the claimant, or both. If an
insurer specifies a particular period prior to the expiration of which settlement shall
be made, the period shall not exceed two months from the receipt of such proofs.