20-1360. Other insurance in this
insurer
A. There may be a provision as follows:
"Other insurance in this insurer: If an accident or sickness or accident and
sickness policy or policies previously issued by the insurer to the insured be in force
concurrently herewith, making the aggregate indemnity for _____________________ (insert
type of coverage or coverages) in excess of $ _______________________ (insert maximum
limit of indemnity or indemnities) the excess insurance shall be void and all premiums
paid for such excess shall be returned to the insured or to his estate."
B. The following provision may be inserted in lieu of the provision set forth in
subsection A of this section: "Insurance effective at any one time on the insured under
a like policy or policies in this insurer is limited to the one such policy elected by
the insured, his beneficiary or his estate, as the case may be, and the insurer will
return all premiums paid for all other such policies."
|