LIFE INSURANCE POLICIES AND ANNUITY CONTRACTS
41-1902. "Industrial life insurance" defined. For the purposes of this code "industrial life insurance" is that form of life insurance written under policies of face amount of one thousand dollars ($1,000) or less bearing the words "industrial policy" imprinted on the face thereof as part of the descriptive matter, and under which premiums are payable monthly or more often.
[41-1902, added 1961, ch. 330, sec. 433, p. 645.]