A group life insurance policy shall contain in substance a provision setting forth the conditions, if any, under which the insurer reserves the right to require a person eligible for insurance to furnish evidence of individual insurability satisfactory to the insurer as a condition to part or all of his coverage.
History: Laws 1984, ch. 127, § 412.
Conditions for acceptance of application allowed. — The retention of the premium check by the life insurance company, and its failure to give notice of rejection after learning of the death of the applicant, does not constitute an acceptance of the application where applicant has undergone heart surgery, has been refused insurance by other companies, is advised that permission to contact his physician would be required by the company, and that his application would have to be approved by the company before it would become effective. Stubben v. National Fid. Life Ins. Co., 1968-NMSC-013, 78 N.M. 667, 437 P.2d 128.
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