§ 10-16-213 — Industrial sickness and accident insurance

(1) Repealed.

(2) Any insurer authorized to write sickness and accident insurance in this
state has the power to issue industrial sickness and accident policies.

(3) No policy of industrial sickness and accident insurance may be delivered
or issued for delivery in this state unless it has printed on such policy the words
industrial policy.

(4) (a) Each such policy shall be subject to the provisions of this part 2;
except that no such policy shall be required to contain any of the policy provisions
set forth in section 10-16-202 or 10-16-203 and except that no such policy shall
contain any provision relative to notice of proof of loss, or the time for paying
benefits, or the time within which suit may be brought upon the policy, which in the
opinion of the commissioner is less favorable to the insured than would be
permitted by said policy provisions. Such policy may contain a provision that, upon
proper written request, a named beneficiary shall be designated in or by
endorsement on the policy to receive the proceeds thereof on the death of the
insured, and there shall be reserved to the insured the power to change the
beneficiary at any time by written notice to the insurer at its home office,
accompanied by the policy for endorsement of the change on said policy by the
insurer. The insurer shall have the right to refuse to designate a beneficiary if
evidence satisfactory to the company of such beneficiary's insurable interest in the
life of the insured is not furnished on request.

(b) Any such policy may provide in substance that any payment under said
policy may be made to the insured or the insured's estate or to any relative by blood
or connection by marriage of the insured, or, to the extent of such portion of any
payment under the policy as reasonably appears to the insurer to be due to such
person or to any other person equitably entitled thereto by reason of having
incurred expense occasioned by the maintenance or illness or burial of the insured.
If the policy is in force at the death of the insured, the proceeds from said policy
shall be payable to the named beneficiary if living, but, upon the expiration of
fifteen days after the death of the insured, unless proof of claim in the manner and
form required by the policy, accompanied by the policy for surrender, has
theretofore been made by such beneficiary, the insurer may pay to any other person
permitted by the policy.

Legislative History

Source: L. 92: Entire article R&RE, p. 1672, � 1, effective July 1. L. 2025: (1) repealed, (SB 25-275), ch. 377, p. 2109, � 336, effective August 6.