73d CONGRESS . SESS . II. CH. 672. JUNE 19, 1934 .
1171 (15) A standard provision relative to time limitations of the policy as follows 15. If any time limitation of this policy, with respect to giving Limitation of policy notice of claim or furnishing proof of loss, is less than that permitted by the law of the State in which the insured resides at the time this policy is issued, such limitation is hereby extended to agree with the minimum period permitted by such law . (d) No such policy shall be so issued or delivered which contains any provision (1) relative to cancelation at the instance of the com- pany ; or (2) limiting the amount of indemnity to a sum less than the amount stated in the policy and for which the premium has been pa id ; or (3) providing for the deduc tion of any p remium from t he amount paid in settlement of claim ; or (4) relative to other insurance by the same company ; or (5) relative to the age limits of the policy
unless such provisions, which are hereby designated as optional standard provisions, shall be in the words and in the order in which they are hereinafter set forth, but the company may at its option omit from the policy any su ch optional s tandard provis ion . Su ch optional standard provisions if inserted in the policy shall immedi- ately succeed the standard provisions named in subdivision (c) of this section . (1) An optional standard provision relative to cancelation of the Cance latio n of poli cy policy at the instance of the company as follows :
pan instance or corn- policy
co m- 16. The company may cancel this policy at any time by written notice delivered to the insured or mailed to his last address, as shown by the records of the company, together with cash or the company's check for the unearned portion of the premiums actually paid by the insured, and such cancelation shall be without prejudice to any claim originating prior thereto . (2) An optional standard provision relative to reduction of the ofinaemion famount amount of indemnity to a sum less than that stated in the policy as follows 17. If the insured shall carry with another company, corporation, association, or society other insurance covering the same loss with- out giving written notice to the company, then in that case the com- pany shall be liable only for such portion of the indemnity promised as the said indemnity bears to the total amount of like indemnity in all policies covering such loss, and for the return of such part of the premium paid as shall exceed the pro rata for the indemnity thus determined . (3) An optional standard provision relative to deduction of pre- Deduction of premi- mium upon settlement of claim as follows
um upon settlement . (18) Upon the payment of claim hereunder any premium then due and unpaid or covered by any note or written order may be deducted therefrom . (4) An optiona l standard pr ovision relat ive to other i nsurance Other ins uran ce by by the same company which shall be in such one of the following same comp any . forms as may be appropriate to the indemnities provided, and in the blank space of which the company shall insert such upward limits of inde mnity a s are s pecifi ed by t he comp any's classif ication of ri sks, filed as required by this section . (A) 19 . If a like polic y or po licies, previ ously i ssued b y the com- pany to the insured, be in force concurrently herewith, making the aggregate indemnity in excess of $ the excess insur- (Amo unt to be ins erte d) ance shall be void and all premiums paid for such exce ss shall be returned to the insured . (B) 19 . If a like policy or pol icies, previo usly is sued by the c om- pany to the insured, be in force concurrently herewith, making the
