Notice of election to comply with revised nonforfeiture

After July 1, 1982, any insurer may file with the director of the Division of Insurance a written notice of its election to comply with the provisions of §§ 58-15-43.1 to 58-15-43.11 , inclusive, after a specified date before January 1, 1989, which shall be the effective date of §§ 58-15-43.1 to 58-15-43.11 , inclusive, for the insurer. If an insurer makes no election, the operative date of this section for such insurer is January 1, 1989. Source: SL 1982, ch 357 , § 15.