Delivery of policy--Payment of premium--Insured not meeting condition required by insurer

Subject to the insurer's requirements as to payment of premium, every policy shall be mailed or delivered to the insured or to the person entitled thereto within a reasonable period of time after its issuance except where a condition required by the insurer has not been met by the insured. Source: SL 1966, ch 111 , ch 22, § 25 (1).