Registered life insurance policies and annuity contracts - Mutilated or surrendered policies

The Insurance Commissioner shall cancel mutilated or surrendered policies, annuity bonds, and contracts issued by any insurers subject to § 23-81-130 when surrendered to the commissioner and for the purpose of cancellation and certify other like policies, bonds, or contracts when issued in lieu thereof. Acts 1959, No. 148, § 340; A.S.A. 1947, § 66-3331. The Insurance Commissioner shall cancel mutilated or surrendered policies, annuity bonds, and contracts issued by any insurers subject to § 23-81-130 when surrendered to the commissioner and for the purpose of cancellation and certify other like policies, bonds, or contracts when issued in lieu thereof. Acts 1959, No. 148, § 340; A.S.A. 1947, § 66-3331.