Page:United States Statutes at Large Volume 48 Part 1.djvu/1196

 1170 73d CONGRESS. SESS. II. CH. 672 . JUNE 19, 1934 . (A) 9. All indemnities provided in this policy will be paid after receipt of due proof. (Indicate time) (B) 9. All indemnities provided in this policy for loss other than that of time on account of disability will be paid (In dic ate ti me) after receipt of due proof. Periodical payments (10) A standard provision relative to periodical payments of of indemnity on ac , count of disability. indemnity for loss of time on account of disability, which provisions shall be in the following form, and which may be omitted from any policy not providing for such indemnity. The company shall insert, in the first blank space of the form, appropriate language to desig- nate the proportion of accrued indemnity it may desire to pay, which proportion may be all or any part not less than one half ; and in the second blank space shall insert any period of time not exceeding sixty days. 10. Upon request of the insured and subject to due proof of loss accrued indemnity for loss of time on (within time to be inserted) account of disability will be paid at the expiration of each during the continuance of the period (insert time) for which the company is liable, and any balance remaining unpaid at the termination of such period will be paid immediately upon receipt of due proof. Indemnity payments (11) A stand ard provision relative to indemnity paym ents which to beneficiary. may be in either of the two following forms : Form (A) to be used in policies which designate a beneficiary and form (B) to be used in policies which do not designate any beneficiary other than the insured. (A) 11. Indemnity for loss of life of the insured is payable to the beneficiary if surviving the insured, and otherwise to the estate of the insured. All other in demnities of this policy a re payable to the insu red. (B) 11. All the indemnities of this policy are payable to the insured. Cance latio n of polic y (12) A standard provision providing for cancelation of the policy at instance of insures, at the instance of the insured which shall be in the following form 12 . If the insured shall at any time change his occupation to one classified by the company as less hazardous than that stated in the policy, the co mpany, upon w ritten reques t of the insur ed and sur- render of the policy, will cancel the sa me and will re turn to the insured the unearned premium. Rights of bene ficiary. (13) A standard provision relative to the rights of the beneficiary under the policy which shall be in the following form and which may be omitted from any policy not designating a beneficiary. 13 . Consent of the beneficiary shall not be requisite to surrender or assignment of this policy, or to change of beneficiary, or to any other changes in the policy. Ti me within which (14) A standard provision limiting the time within which suit suit may be brought, may be brought upon the policy as follows 14. No action at law or in equity shall be brought to recover on this policy prior to the expiration of sixty days after proof of loss has been filed in accordance with the requirements of this policy, nor shall such action be brought at all unless brought within two years from the expiration of the time within which proof of loss is required by the policy.