§ 83-7-107. Options for payment; minimum amounts.
The benefit shall be paid in a lump sum, or in periodic payments for a fixed period of time, or in a fixed amount for an indefinite period of time, at the option of the insured. Companies may set minimums on the face amount of contracts for which the benefit shall be offered.
Sources: Laws, 1991, ch. 464, § 4, eff from and after July 1, 1991.
§ 83-7-107. Options for payment; minimum amounts.
The benefit shall be paid in a lump sum, or in periodic payments for a fixed period of time, or in a fixed amount for an indefinite period of time, at the option of the insured. Companies may set minimums on the face amount of contracts for which the benefit shall be offered.
Sources: Laws, 1991, ch. 464, § 4, eff from and after July 1, 1991.
§ 83-7-107. Options for payment; minimum amounts.
The benefit shall be paid in a lump sum, or in periodic payments for a fixed period of time, or in a fixed amount for an indefinite period of time, at the option of the insured. Companies may set minimums on the face amount of contracts for which the benefit shall be offered.
Sources: Laws, 1991, ch. 464, § 4, eff from and after July 1, 1991.
