Ladysmith news-budget. [volume] (Ladysmith, Rusk County, Wis.) 1907-1927, 1913-08-22

utes is repealed.
Section 2. There is added to the
statutes a new section to read: Sec
ton 1850. !. On and after the first
surance against loss or damage from
the sickness, or the bodily injury or
death of the insured by accident shall
be sd is se or a avsre eoa to ss orm in
thereof and Of the classification OF
risks and the premium rates pertain
ing thereto haye been filed with the
commissioner Of insurance; nor shall it
be SO issued or delivered until the ex-
piration of thirty days after 1t has
been SO filed unless the said commits
sioner shall sooner. give his written
approval thereto. If the said commits
Sioner shall notify, in writing, the
company, corporation, association, So
ciety or other insurer which has filed
such form that it does not comply with
the requirements OF law, Specifying
unlawful thereafter for any such In
surer to issue any policy in such form.
2. No such policy shall be so issued
or delivered Cd unless the entire
for are expressed in the policy; nor CD
unless the time at which the insur-
ance Hereunder takes effect and ter
inmates is stated in a portion or the
policy preceding it's execution by the
insurer; nor CD if the policy purporrs
to insure more than one person; nor
"a unless every printed portion there
Of and of any endorsements or at
in type of which the face shall not be
smaller than ten-point; nor (5) un-
less brief description thereof be
printed on it's first page and on it's
shall not be smaller than fourteen
point; nor co unless the exceptions OF
the policy be printed with the same
prominence as the benefits to which
lad hot
any portion of such policy which pur"
ports, by reason Of the circumstances
under which a loss is incurred, to re-
duce any indemnity promised therein
for the same loss occurring under or
binary circumstances, shall be printed
in bold-face type and with greater
prominence than any other portion of
the text of the policy.
shall contain certain standard prov1-
sions, which shall be in the words ana
in the order hereinafter set forth and
caption Standard Provisions" In
the word insurer is used there shall
be substituted therefor company" or
society" or such other word as will
properly designate the insurer. Said
standard provisions shall be:
Cd standard provision relative
of the following two forms: Form (A)
to be used in policies which do not
provide for reduction of indemnity on
account of change of occupation, and
do so provide. If Form OBJ is used
and the policy provides indemnity
against loss from sickness, the words
"or contracts sickness may be in
serted therein Immediately after the
words in the event that the insured
is injured AID This policy in
cludes the endorsements and attached
papers, If any, and contains the ent1re
shall be made in any indemnity herein
provided by reason of change in the
occupation of the insured or by rea-
son of his doing any act or thing per-
tanning to any other occupation. OBJ:
ID This policy includes the endorse
ments and attached papers, if any, and
contains the entire contract of insur-
ance except as it may be modified by
the insurers classification of risks
and premium rates in the event that
the insured is injured after having
changed his occupation to one CLASH
fed by the insurer as more hazardou
than that stated in the policy, or while
he is doing any act or thing pertain
ing to any occupation so classified ex-
cept ordinary duties about his resid-
ence or while engaged in recreation,
only such portion of the indemnities
provided in the policy as the premium
paid would have purchased at the rate
but within the limits so fixed by the
insurer for such more hazardous oc-
cupation. If the law of the state in
which the insured resides at the time
this policy is issued requires that prior
to its issue statement of the pre-
MUM rates and classification OF risks
pertaining to it shall be filed with the
state official having supervision of In
surance in such state then the premium
rates and classification of risks men
Il
such as have been last filed by the
insurer in accordance with such law,
but if such filing is not required by
such law then they shall mean the m
SurerS premium rates and classical
ton of risks last made effective by it
in such state prior to the occurrence Of
the loss for which the insurer is Ii
able.
CD A standard provision relative to
changes in the contract which shall be
in the following form:
CD No statement made by the ap-
plicant for insurance not included
used in any legal proceeding hereun-
der. No agent has authority TO
change this policy or to waive any of
it's provisions. No change in this pol
an executive officer of the insurer ana
such approval is endorsed hereon.
CD A standard provision relative to
! reinstatement of policy after lapse
WHICH Ildy NC Ill either Oh the three
following forms Form (A) to be
used in policies which insure only
against loss from accident; Form OBJ
to be used in policies which insure
only against loss from sickness and
Form CO. to be used in policies when
insure against loss from both accr-
| dent and sickness.
(A):-(3) If default be made in the
! payment of the agreed premium for
this policy. the subsequent accept
ance of premium by the insurer or
by any Of it's duly authorized agents
shall reinstate the policy but only to
! cover loss resulting from accidental
injury thereafter sustained.
! (B):-(3) If default be made in the
payment of the agreed premium for
this policy, the subsequent acceptance
of premium by the insurer or by any
Of it's duly authorized agents shall re-
instate the policy but only to cover
such sickness as may begin more than
ten days after the date of such ac-
ceptance.
1C):-(3) If default be made in the
payment of the agreed premium for
this policy, the subsequent accept
ance of a premium by the insurer OF
by any of it's duly authorized agents
shall reinstate the policy but only to
| accidental in i11r