WVC 33 - 13 - 23
§33-13-23. Same -- Reinstatement.
In an annuity or pure endowment contract, other than a
reversionary, survivorship, or group annuity, there shall be a
provision that the contract may be reinstated at any time within
one year from the default in making stipulated payments to the
insurer, unless the cash surrender value has been paid, but all
overdue stipulated payments and any indebtedness to the insurer
on the contract shall be paid or reinstated with interest thereon
at a rate to be specified in the contract but not exceeding six
percent per annum payable annually, and in cases where applicable
the insurer may also include a requirement of evidence of
insurability satisfactory to the insurer.