Statute 44 812

44-812. Policies; maximum coverage; exceptions.No certificate or policy of an assessment association, insuring property, shall cover a longer period than five years from its date, unless such assessment association shall provide in its bylaws for readjustment or reappraisement of such property insured at least once in five years.Source Laws 1913, c. 154, § 134, p. 465; R.S.1913, § 3271; Laws 1919, c. 190, tit. V, art. X, § 11, p. 646; C.S.1922, § 7870; C.S.1929, § 44-911; R.S.1943, § 44-812.