Arizona Revised Statutes § 20-1264 Beneficiary

20-1264. Beneficiary

In group life policies there shall be a provision that any sum becoming due by reason of the death of the person insured shall be payable to the beneficiary designated by the person insured, subject to the provisions of the policy in the event there is no designated beneficiary, as to all or any part of such sum, living at the death of the person insured, and subject to any right reserved by the insurer in the policy and set forth in the certificate to pay at its option a part of such sum not exceeding two hundred fifty dollars to any person appearing to the insurer to be equitably entitled thereto by reason of having incurred funeral or other expenses incident to the last illness or death of the person insured.

Section: Previous  20-1257  20-1258  20-1259  20-1260  20-1261  20-1262  20-1263  20-1264  20-1265  20-1266  20-1267  20-1268  20-1269  20-1270  20-1271  Next

Last modified: October 13, 2016