Section 627.503 - Required provisions(1) No policy of industrial life insurance shall be delivered or issued for delivery in this state unless it contains in substance each of the provisions as required in s. 627.476 and ss. 627.504 - 627.521, or provisions which in the opinion of the office are more favorable to the policyholder.(2) Any such provisions or portions not applicable to single-premium or term policies shall to that extent not be incorporated therein.s. 509, ch. 59-205; ss. 13, 35, ch. 69-106; s. 3, ch. 76-168; s. 1, ch. 77-457; ss. 2, 3, ch. 81-318; ss. 406, 420, 809(2nd), ch. 82-243; s. 79, ch. 82-386; s.114, ch. 92-318; s.1136, ch. 2003-261.