(a) There shall be a provision as follows:
"Change of Beneficiary: Unless the insured makes an irrevocable designation of beneficiary, the right to change a beneficiary is reserved to the insured and the consent of the beneficiary or beneficiaries shall not be requisite to surrender or assignment of this policy or to any change of beneficiary or beneficiaries, or to any other changes in this policy."
(b) The first clause of the provision set forth in subsection (a) of this section, relating to the irrevocable designation of beneficiary, may be omitted at the insurer's option.
Section: Previous 23-85-110 23-85-111 23-85-112 23-85-113 23-85-114 23-85-115 23-85-116 23-85-117 23-85-118 23-85-119 23-85-120 23-85-121 23-85-122 23-85-123 23-85-124 NextLast modified: November 15, 2016