Volume 1, Draft Civil Code - Digital exhibitions & collections - McGill ...

OBLIGATIONS 481
insured may justify the annulment of insurance which has
been in force for two years.
However, in the case of disability benefits, this rule does
not apply if the disability begins during the first two years of
the insurance.
IV - Effective date and issue
907 Life insurance becomes effective when the application is
accepted by the insurer, provided it is accepted without
modification, the initial premium is paid, and there has been
no change in the insurability of the risk from the time the
application is signed.
Acceptance by the insurer binds him even without the
knowledge of the insured.
908 Accident and sickness insurance becomes effective as
soon as the policy is delivered to the insured, even if it is
delivered by a person other than an authorized representative
of the insurer.
909 A policy issued in accordance with the application and
given to a representative of the insurer for unconditional
delivery to the insured is deemed delivered to the insured.
V - Premiums, advances and reinstatements
910 In life insurance, the insured is entitled to thirty days to
make the payment of any premium except the initial one,
during which the insurance remains in force.
The period runs concurrently with any other period
granted by the insurer, but no agreement may reduce it.
Failure to pay the premium within the period granted
terminates the life insurance.