Legislation
SECTION 3213
Payment of proceeds
Insurance (ISC) CHAPTER 28, ARTICLE 32
§ 3213. Payment of proceeds. Where the proceeds of a policy of life
insurance delivered or issued for delivery in this state are payable,
according to its terms, to two or more beneficiaries without designation
of their respective interests, the proceeds shall be paid to such
beneficiaries in equal portions.
insurance delivered or issued for delivery in this state are payable,
according to its terms, to two or more beneficiaries without designation
of their respective interests, the proceeds shall be paid to such
beneficiaries in equal portions.