§33-14-30. Payment of claims.
There shall be a provision that when a policy shall become a
claim by the death of the insured, settlement shall be made upon
receipt of due proof of death and, at the insurer's option,
surrender of the policy and/or proof of the interest of the
claimant. If an insurer shall specify a particular period prior to
the expiration of which settlement shall be made, such period shall
not exceed two months from the receipt of such proofs.