District of Columbia Statutes

§ 31-4706 — Extension of time for payment of premiums.

District of Columbia § 31-4706
JurisdictionDistrict of Columbia
Title 31Insurance and Securities.
Ch. 47Provisions Relating to All Life Insurance Companies.

This text of District of Columbia § 31-4706 (Extension of time for payment of premiums.) is published on Counsel Stack Legal Research, covering District of Columbia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
D.C. Code § 31-4706 (2026).

Text

A life company may enter into subsequent agreements in writing with the insured, which need not be attached to the policy, to extend the time for the payment of any premium, or part thereof, upon condition that failure to comply with the terms of such agreement shall lapse the policy, as provided in said agreement or in the policy. Subject to such lien as may be created to secure any indebtedness contracted by the insured, in consideration of such extension, said agreement shall not impair any right existing under the policy.

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Legislative History

June 19, 1934, 48 Stat. 1164, ch. 672, ch. V, § 6

Nearby Sections

15
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Bluebook (online)
District of Columbia § 31-4706, Counsel Stack Legal Research, https://law.counselstack.com/statute/dc/31-4706.