Cross References
Civil relief for state military forces, see chapter 657D.
Risk-based capital for insurers, see §§431:3-401 to 414.
PART I. INDIVIDUAL LIFE INSURANCE, ANNUITIES
AND PURE ENDOWMENT CONTRACTS
§431:10D-114 Miscellaneous proceeds. Upon the death of the insured and except as is otherwise expressly provided by the policy or premium deposit agreement, a life insurer may pay to the surviving spouse, children, beneficiary, or person other than the insured's estate, appearing to the insurer to be equitably entitled to such payment, sums then held by it and comprising:
(1) Premiums paid in advance, if such premiums did not fall due prior to the death, or funds held on deposit for the payment of future premiums.
(2) Dividends theretofore declared on the policy and held by the insurer under the insured's option.
(3) Dividends becoming payable on or after the death of the insured. [L 1987, c 347, pt of §2]
Section: Previous 431-10d-107 431-10d-108 431-10d-109 431-10d-110 431-10d-111 431-10d-112 431-10d-113 431-10d-114 431-10d-115 431-10d-116 431-10d-117 431-10d-118 431-10d-201 431-10d-202 431-10d-203 NextLast modified: October 27, 2016