There shall be a provision that when a policy shall become a claim by the death of the insured, settlement shall be made upon receipt of due proof of death and, at the insurer's option, surrender of the policy and/or proof of the interest of the claimant. If an insurer shall specify a particular period prior to the expiration of which settlement shall be made, such period shall not exceed two months from the receipt of such proofs.
Structure West Virginia Code
Article 14. Group Life Insurance
§33-14-5a. Credit Union Groups
§33-14-6. Limits of Group Life Insurance
§33-14-8. Group Life Standard Provisions
§33-14-13. Misstatement of Age
§33-14-16. Conversion on Termination of Employment or of Membership in Eligible Class
§33-14-17. Conversion on Termination of Policy
§33-14-18. Death Pending Conversion
§33-14-19. Certificate or Statement of Coverage to Debtor
§33-14-20. Notice of Conversion Rights
§33-14-21. Application of Dividends and Rate Reductions to Cost of Insurance
§33-14-22. Group Annuity Contracts -- Standard Provisions
§33-14-23. Same -- Grace Period
§33-14-24. Same -- Entire Contract
§33-14-25. Same -- Misstatements
§33-14-26. Same -- Termination Benefits