§431:10D-307 Beneficiary. (a) Each policy shall have a space on the front or back page of the policy for the name of the beneficiary designated with a reservation of the right to designate or change the beneficiary after the issuance of the policy.
(b) The policy may also provide that no designation or change of beneficiary shall be binding on the insurer until endorsed on the policy by the insurer, and that the insurer may refuse to endorse the name of any proposed beneficiary who does not appear to the insurer to have an insurable interest in the life of the insured. [L 1987, c 347, pt of §2]
Section: Previous 431-10d-215 431-10d-301 431-10d-302 431-10d-303 431-10d-304 431-10d-305 431-10d-306 431-10d-307 431-10d-308 431-10d-309 431-10d-310 431-10d-311 431-10d-312 431-10d-313 431-10d-401 NextLast modified: October 27, 2016