§ 38.2-3330. Payment of benefits
Each group life insurance policy shall contain a provision that any sum payable because of the death of the person insured shall be payable to the beneficiary or beneficiaries designated by the person insured, subject to:
1. The provisions of the policy as to all or any part of such sum if there is no designated beneficiary living at the time of death of the person insured; and
2. Any right reserved by the insurer in the policy and set forth in the certificate to pay a part of the sum, not exceeding $2,000, to any person appearing to the insurer to be equitably entitled thereto because of having incurred funeral or other expenses incident to the death or last illness of the person insured.
(1960, c. 273, § 38.1-427.1; 1986, c. 562.)
Sections: Previous 38.2-3323 38.2-3324 38.2-3325 38.2-3326 38.2-3327 38.2-3328 38.2-3329 38.2-3330 38.2-3331 38.2-3332 38.2-3333 38.2-3334 38.2-3335 38.2-3336 38.2-3337 NextLast modified: April 3, 2009