§ 36.4202

For the purposes of this article 'Industrial Life Insurance' shall mean that form of life insurance where the face amount of the policy does not exceed One Thousand Dollars ($1,000.00); and either 1. Under which the premiums are payable weekly, or2. Under which the premiums are payable monthly or oftener, but less often than weekly; provided that in either case the words 'Industrial Policy' are printed on the face of the policy as part of the descriptive matter thereof.Laws 1957, p. 386, § 4202.