Page:United States Statutes at Large Volume 67.djvu/198

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PUBLIC LAW 119-JULY 16, 1953 Public Law 119

July 16, 1953 — [H. R. 2582]—

L i f e Insurance Act, D« C, amend-

°^^*Stat 1166

[67 STAT. CHAPTER 196

^ ^ ACT TQ amend section 12 of chapter V of the Act of June 19, 1934, a s amended, entitled "An Act to regulate the business of life insurance in the District of Columbia."

Be it enacted by the Seriate and House of Representatives of the United States of America in Congress assembled. That section 12 of chapter V of the Act of June 19, 1934, entitled " A n Act to regulate the Tbusiness of life insurance in the District of Columbia", as amended (D. C. Code, 1951 edition, sec. 35-712), be amended to read as follows: "SEC. 12. INDIVIDUAL. ACCIDENT AND SICKNESS POLICY PROVISIONS " l. FILING REQUIREMENTS

D*c!*Code*35-

"No policy of insurance against loss resulting from sickness or from bodily injury or death by accident, or both, shall be issued or delivered to any person in the District by any company organized under this, or any other law of the District, or, if a foreign or alien company, authorized to do business in the District, until a copy of the form thereof, and of the classification of risks and the premium rates appertaining thereto, have been filed with the Superintendent; nor shall it be so issued or delivered until the expiration of thirty days after it has been so filed, unless the Superintendent shall sooner give his written approval thereto. If the Superintendent shall give written notice to the company which has filed such form that it does not comply with the requirements of law, specifying the reasons for his opinion, it shall be unlawful thereafter for any such insurer to issue any policy in such form. The action of the Superintendent in this regard shall be subject to appeal and review in the form and manner prescribed in section 28, chapter II.

427.

" 2. FORM OF P O L I C Y

" (a) No policy of accident and sickness insurance shall be delivered or issued for delivery to any person in the District unless— "(1) the entire money and other considerations therefor are expressed therein; and " (2) the time at which the insurance takes effect and terminates is expressed therein; and "(3) it purports to insure only one person, except that a policy may insure, originally or by subsequent amendment, upon the application of an adult member of a family who shall be deemed the policyholder, any two or more eligible members of that family, including husband, wife, dependent children or any children under a specified age which shall not exceed nineteen years and any other person dependent upon the policyholder; and "(4) the style, arrangement, and over-all appearance of the policy give no undue prominence to any portion of the text, and unless every printed portion of the text of the policy and of any endorsements or attached papers is plainly printed in light-faced type of a style in general use, the size of which shall be uniform and not less than ten-point with a lower-case unspaced alphabet length not less than one hundred and twenty-point (the text shall include all printed matter except the name and address of the insurer, name or title of the policy, the brief description, if any, and captions and subcaptions); and "(5) the exceptions and reductions of indemnity are set forth in the policy and, except those which are set forth in subsection

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