Kansas § 40-425 Same; cash surrender value and value of stipulated form to be equal

Kansas Statutes

§ 40-425 — Same; cash surrender value and value of stipulated form to be equal

Kansas·Ch. 40 INSURANCE·Art. 4 GENERAL PROVISIONS RELATING TO LIFE INSURANCE COMPANIES

The cash surrender value and the value of any stipulated form of insurance granted under subsections (7) and (9) of K.S.A. 40-423, shall be equal provided that the amount of paid-up insurance may be taken to either the next lower or next higher dollar and the period of extended insurance may be taken to either the beginning or end of the week in which such extended insurance would otherwise expire.

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The cash surrender value and the value of any stipulated form of insurance granted under subsections (7) and (9) of K.S.A. 40-423, shall be equal provided that the amount of paid-up insurance may be taken to either the next lower or next higher dollar and the period of extended insurance may be taken to either the beginning or end of the week in which such extended insurance would otherwise expire.

Kansas § 40-425 (Same; cash surrender value and value of stipulated form to be equal) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.