Insurance Law 336 — Legislation
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SECTION 337
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SECTION 336
War risk exclusion; notification
Insurance (ISC) CHAPTER 28, ARTICLE 3
§ 336. War risk exclusion; notification. Prior to a life insurer
commencing the issuance of life insurance policies which contain any
provision that restricts or excludes payment of the life insurance death
benefit in the event of death as the result of war or the special
hazards incident to service as defined in subsection (c) of section
three thousand two hundred three of this chapter such insurer shall
notify the superintendent specifying how, when, where and to which class
of persons such provision will apply and shall also notify the
superintendent when it ceases issuing such policies. The superintendent
shall make such information known to the public in such manner and at
such times as shall be determined by the superintendent.