THEODORE R. MCKELDIN, GOVERNOR 2005

dividual or group captions or subcaptions as the Commissioner
may approve.

(1) A provision as follows: (Entire Contract; Changes):
This policy, including the endorsements and the attached pap-
ers, if any, constitutes the entire contract of insurance. No
change in this policy shall be valid until approved by an execu-
tive officer of the insurer and unless such approval be endorsed
hereon or attached hereto. No agent has authority to change
this policy or to waive any of its provisions.

(2) A provision as follows: (Time Limit on Certain De-
fenses): (a) After three years from the date of issue of this
policy no misstatements, except fraudulent mis statements,
made by the applicant in the application for such policy shall
be used to void the policy or to deny a claim for loss incurred or
disability (as defined in the policy) commencing after the ex-
piration of such three year period.

(The foregoing policy provision shall not be so construed as
to affect any legal requirement for avoidance of a policy or
denial of a claim during such initial three year period, nor to
limit the application of Section 106C (B), (1), (2), (3), (4)
and (5) in the event of misstatement with respect to age or oc-
cupation or other insurance. )

(A policy which the insured has the right to continue in force
subject to its terms by the timely payment of premium (1) until
at least age 50 or, (2) in the case of a policy issued after age 44,
for at least five years from its date of issue, may contain in lieu
of the foregoing the following provision (from which the clause
in parathenses may be omitted at the insurers option) under
the caption "INCONTESTABLE":

After this policy has been in force for a period of three years
during the lifetime of the insured (excluding any period during
which the insured is disabled), it shall become incontestable
as to the statements contained in the application. )

(b) No claim for loss incurred or disability (as defined in the
policy) commencing after three years from the date of issue of
this policy shall be reduced or denied on the ground that a dis-
ease or physical condition not excluded from coverage by name
or specific description effective on the date of loss had existed
prior to the effective date of coverage of this policy.

(3) A provision as follows: (Grace Period. ) A grace period
7 days for weekly premium policies, 10 days for monthly prem-
ium policies and 31 days for all other policies will be granted
for the payment of each premium falling due after the first
premium during which grace period the policy shall continue in
force.