WVC 33 - 13 - 38
§33-13-38. Same -- Reinstatement.
There shall be in each industrial life insurance policy a
provision that unless the policy has been surrendered for its
cash surrender value or unless the paid-up term insurance, if
any, has expired, the policy will be reinstated at any time
within two years from the date of premium default upon written
application therefor, the production of evidence of insurability
satisfactory to the insurer, the payment of all premiums in
arrears, and the payment or reinstatement of any other
indebtedness to the insurer upon the policy, all with interest at
a rate not exceeding six percent per annum compounded annually.