Use of "stipulated premium" prohibited - Exception

No insurer shall use the term "stipulated premium" in its insurance applications or contracts, or print or use that term in its policies or literature, unless lawfully authorized to transact insurance in this state on the stipulated premium plan. Acts 1959, No. 148, § 542; A.S.A. 1947, § 66-4403. No insurer shall use the term "stipulated premium" in its insurance applications or contracts, or print or use that term in its policies or literature, unless lawfully authorized to transact insurance in this state on the stipulated premium plan. Acts 1959, No. 148, § 542; A.S.A. 1947, § 66-4403.