Ladysmith news-budget. [volume] (Ladysmith, Rusk County, Wis.) 1907-1927, 1911-08-04

engaged in recreation), the corporation
shall pay such proportion of the indemni-
ties provided, In the por1cy as the, prem
and within the limits fixed by the cor
poration for such more hazardous occu-
patton according to the corporation s
rates and classification of risks filed with
the superintendent of insurance prior to
the occurrence of the injury or the
commencement of the disease for which
indemnity is claimed.
CD That the corporation will pay the
benefits promised witnIn sixty days of
or disability.
at "a any time by the Corporation ,tr by writ
ten notice delivered to the insured or
mailed to him at his last address as
shown by the records of the corporation
and the tender of the corporations check
for the unearned portion of the premium,
but that such cancellation shall be
without prejudice to any claim arls 81,
prior to the date on which the cancella-
ton takes effect.
60 That the policy shall be cancelled
at the request of the insured at any
time and the unearned premium returned
to him at customary short rates, cor
responding to those used in fire insur-
ance.
or delivered in this state, if it contains,
in substance, any provision:
a. Limiting the time within which
proofs of claims shall be. furnished, to
ninety days from the date of death, dis
memberment, or loss of sight, or from
the termination of any other disability
b. Limiting the time within which an
action at law or in equity may be com
menced to less than two years from the
date when the final proof of claim is filed
c. Authorizing the deduction of any
premium or assessment from any in
demnity payable under the terms Of the
policy, except such premium or assess
| ment as may be due or covered by writ
ten order or note at the time of payment
| of the indemnity.
d. Limiting the amount Of indemnity
| to be paid to sum less than the in
which the premium has been paid; pro-
vided, however if the assured shall carry
| other insurance covering the same haZ-
| ard, without giving written notice to the
| issuing the policies, then and in that
case each or any company, corporation
or association may limit its liability tc
such propOrtionate amount Of benefits as
the indemnity promised bears to the
total amount of indemnity in all the pol
icies covering such hazard, and for the
as shall exceed the pro rata Of the pre-
MUM for the benefits paid
8. A policy issued in violation Of this
section shall be held valid but shall be
|
and when any provision in such policy
| is in conflict with any provision or this
section, the rights, duties, and oblga-
tons Of the corporation and policy hold
| err and the beneficiary shall be governed
| by the provisions of this section.
| T. The policies of insurance against
any of the risks specified in subsecti0nS
and of section 1897, issued by cor
this state. may contain any provision
which the law of the state, territory, OF
district of the United States, or Of {
country outside the United States Gun
der which the corporation is organized
prescribes shall be in such policies whcr
issued in this state; and such policies OF
alton may, when issued or delivered If
any other state, territory, district, OF
country contain any provision required by
| the laws of the state, territory, district
or country in which the same are issued
anything in this section to the contrary
Notwithstanding.
s. Nothing in this section, however
shall apply. to or. affect any general OF
| blanket policy of insurance issued to any
municipal corporation or. department
thereof, or to any corporation, co-part-
nership, association, or individual en-
ployer police or fire department, under
writer's corps, salvage bureau, or like
associations or organizations, where the
officers, members or employees or classes
| of departments thereof are insured
against specified accidental bodily in
juries or diseases while exposed to the
hazards of the occupations or otherwise
| in consideration of premium intended
| to cover the risks of all the persons in
sured under such policy.
| 6. Nothing in this section shall apply
to or in any way affect contracts of life
insurance or contracts supplemental
thereto which shall contain provisions in
tended to safeguard such life insurance
against lapse that shall provide a specia
surrender value therefor, in the even
| that the insured hereunder shall, b!
reason of accidental bodily injury or dis
ease, be unable to continue the premium
| payment thereon
7. Any corporation or association t.
which this section applies, or any Off
Ger or agent thereof, which or who issue:
or delivers in this state, or to any citi-
zen thereof, any accident or health pol
icy or contract in wilful violation Of th'
provisions of this section shall be pun
ished by fine Of not less than twenty
| five nor more than five hundred dollars
or by imprisonment in the county jai
not exceeding six months, or by boil
such fine and imprisonment.
Section 2. This act shall take cffcc
and be in force from and after its pas
sage and publication.
Approved May 5, 1911. Copy Law
No. 296, 81 Published May 6, 1911