Section 50:
Notice of options available to the assured on the lapsing of a policy.
An insurer shall,
1[before the expiry of three months from the date on which the premiums in respect of a policy of life
insurance were payable but not paid], give notice to the policy-holder informing hi m of the options
available to him 2[unless these are set forth in the policy.]
Notes:
1 Subs. by Act 11 of 1939, s. 20, for "within three months of the lapsing of policy of life insurance".
2 Added by Act 13 of 1941, s. 35 (w.e.f. 8-4-1941).