2415. In addition to the particulars prescribed for policies generally, an indication shall be made, where applicable, in a policy of insurance of persons, of the name of the insured or a means to identify him, the time limits for payment of premiums, the right of the holder to participate in the profits, the method and table according to which the surrender value is established and the rights relating to the surrender value of or advances on the policy.
The conditions of reinstatement, the right to convert the insurance, the terms and conditions of payment of sums due and the period during which benefits are payable shall also be set out in the policy, where applicable.
1991, c. 64, a. 2415; 2002, c. 19, s. 15.