§ 3220. Group life insurance policies; standard provisions. (a) No\npolicy of group life insurance shall be delivered or issued for delivery\nin this state unless it contains in substance the following provisions\nor provisions which in the opinion of the superintendent are more\nfavorable to certificate holders or not less favorable to certificate\nholders and more favorable to policyholders:\n (1) That the policy is incontestable after two years from its date of\nissue, except for nonpayment of premiums by the policyholder; and that\nno statement made by any person insured under the policy relating to his\ninsurability shall be used in contesting the validity of the insurance\nwith respect to which such statement was made after such insurance has\nbeen in force prior to the contest for a period of two years during such\nperson's lifetime and in no event unless it is in a written instrument\nsigned by him, a copy of which is or has been furnished to such person\nor to his beneficiary.\n (2) That the rights of the policyholder or of any insured or\nbeneficiary thereunder shall not be affected by any provision other than\none contained in the policy or the riders or endorsements thereon or in\nthe amendments thereto signed by the policyholder and the insurer, or in\nthe copy of the policyholder's application attached to the policy or in\nthe individual statements, if any, submitted in connection therewith.\n (3) For the equitable adjustment of the premium or if the amount of\ninsurance depends upon the age of the insured, for the equitable\nadjustment of the amount of insurance and the premium in the event of a\nmisstatement of the age of the person insured.\n (4) That the insurer will issue to the policyholder for delivery to\nthe person whose life is insured under such policy a certificate\ncontaining a statement of the insurance protection to which he is\nentitled including any changes in such protection depending on the age\nof the person whose life is insured and the rights to which he is\nentitled in accordance with paragraphs six and seven hereof.\n (5) That the benefits payable under any such policy shall be payable\nto the beneficiary or beneficiaries designated by the insured except,\nwhere the policy contains conditions pertaining to family status, the\nbeneficiary may be the family member specified by the policy terms, but\nif there is no such designated or specified beneficiary as to all or any\npart of the insurance payable at the death of the insured, then the\namount of insurance so payable for which there is no such designated or\nspecified beneficiary shall be payable to the estate of the insured,\nexcept that the policy may provide that the insurer may in such case, at\nits option, pay such insurance to any one or more of the following\nsurviving relatives: wife, husband, mother, father, child or children,\nbrothers or sisters; and except that the policy may provide that the\ninsurer may, in any case, deduct from the aggregate sum payable under\nsuch policy on account of the death of the insured, an amount not to\nexceed five hundred dollars to be paid to any person or persons\nappearing to the insurer to be equitably entitled to same by reason of\nhaving incurred expenses on behalf of the insured or for his or her\nburial. Payment in accordance with any of the foregoing provisions shall\ncompletely discharge the insurer's liability with respect to the amount\nof insurance so paid.\n (6) That if the insurance on an employee or member covered under the\npolicy, other than one issued in accordance with paragraph three or\neight of subsection (b) of section four thousand two hundred sixteen of\nthis chapter, (A) ceases because of termination of (i) employment or of\nmembership in the class or classes eligible for coverage under the\npolicy, or (ii) the policy, or (B) is reduced (i) in the case of a\npolicy covering an employee or union member under a plan arranged by the\ninsured person's employer or union
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