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" ... default for a specified cash value at least equal to the sum which would otherwise be available for the purchase of insurance as aforesaid and may stipulate that the company may defer payment for not more than six (6) months after the application... "
Policy Clauses, Conditions and State Laws - Side 123
av Spectator Company (New York, N.Y.) - 1909
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American law reports annotated, Volum 13

1921
...insurance as aforesaid: Provided, further, that the company may defer payment for not more than six months after the application therefor is made. This provision shall not be required in term insurance of twenty years or less." Whether the appellee makes such provision in all its policies,...
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