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40-416

Chapter 40.--INSURANCE Article 4.--GENERAL PROVISIONS RELATING TO LIFE INSURANCE COMPANIES

40-416. Subsequent agreements.A life insurance company may enter into subsequent agreements in writingwith the insured, which need not be attached to the policy, to extend thetime for the payment of any premium, or part thereof, upon condition thatfailure to comply with the terms of such agreement shall lapse the policyas provided in said agreement. Subject to such lien as may be created tosecure any indebtedness contracted by the insured in consideration of suchextension, said agreement shall not impair any right existing under thepolicy.

History: L. 1927, ch. 231, 40-416; June 1.

State Codes and Statutes

Statutes > Kansas > Chapter40 > Article4 > Statutes_17213

40-416

Chapter 40.--INSURANCE Article 4.--GENERAL PROVISIONS RELATING TO LIFE INSURANCE COMPANIES

40-416. Subsequent agreements.A life insurance company may enter into subsequent agreements in writingwith the insured, which need not be attached to the policy, to extend thetime for the payment of any premium, or part thereof, upon condition thatfailure to comply with the terms of such agreement shall lapse the policyas provided in said agreement. Subject to such lien as may be created tosecure any indebtedness contracted by the insured in consideration of suchextension, said agreement shall not impair any right existing under thepolicy.

History: L. 1927, ch. 231, 40-416; June 1.

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State Codes and Statutes

Statutes > Kansas > Chapter40 > Article4 > Statutes_17213

40-416

Chapter 40.--INSURANCE Article 4.--GENERAL PROVISIONS RELATING TO LIFE INSURANCE COMPANIES

40-416. Subsequent agreements.A life insurance company may enter into subsequent agreements in writingwith the insured, which need not be attached to the policy, to extend thetime for the payment of any premium, or part thereof, upon condition thatfailure to comply with the terms of such agreement shall lapse the policyas provided in said agreement. Subject to such lien as may be created tosecure any indebtedness contracted by the insured in consideration of suchextension, said agreement shall not impair any right existing under thepolicy.

History: L. 1927, ch. 231, 40-416; June 1.