Life, Insurance;

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(Editor. ) 230 YALE READINGS IN INSURANCE 1. A provision that premiums shall be payable in ad- vance at the home office of the company, or to an agent upon delivery of a receipt signed by one or more officers named in the policy and countersigned by such agent.
2. A provision for a grace of one month in the payment of every premium after the first.
3. A provision that the policy shall be incontestable after two years, except for non-payment of premiums and except for violation of the conditions
... of the policy relating to naval and military service in time of war.
4. A provision that the policy shall contain the entire contract and that all statements made by the insured shall be deemed representations and not warranties, and no such statement shall avoid the policy unless contained in a written application, a copy of which shall be attached to the policy when issued.
5. A provision that if the age of the insured has been misstated, the amount payable under the policy shall be such as the premiums paid would have purchased at the correct age.


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