28. Face-Amount Certificate Companies....
(a) Minimum capitalization and certificate reserves required for
face-amount certificate company..
(b) Assets at least equal to capital and reserve requirements of
subsection (a) required to be in cash or qualified investments_
(c) Commission shall by rule, regulation, or order, require deposit
and maintenance of qualified investments with qualified
(d) Limitations as to cash surrender value, advance payments,
loans and deferment of payments to certificate holder...
(e) Certificate holder not to be liable for any unpaid amount..
Provisions as to receipt of paid-up certificate in lieu of cash sur-
render value and as to default and reinstatement.......
(g) Companies which have discontinued public offering of certifi-
cates prior to effective date of Act excepted..