§ 38.2-4019. Beneficiaries
No person other than a wife, husband, relative by blood to the fourth degree, father-in-law, mother-in-law, son-in-law, daughter-in-law, stepfather, stepmother, stepchild, or child by legal adoption of the member, or one who is dependent upon the member or one who has an insurable interest in the life of the member as described in § 38.2-301, shall be named a beneficiary of the member's certificate. Within the above limitations, each member shall have the right to designate his beneficiary and to change his beneficiary, upon due notice to the society. If the beneficiary is not living or if no allowable beneficiary has been designated, any proceeds otherwise payable shall be payable to the member's estate.
(Code 1950, § 38-151; 1952, c. 317, § 38.1-561; 1986, c. 562.)
Sections: Previous 38.2-4008 38.2-4009 38.2-4010 38.2-4011 38.2-4012 38.2-4013 38.2-4014 38.2-4015 38.2-4016 38.2-4017 38.2-4018 38.2-4019 38.2-4020 38.2-4021 38.2-4022 NextLast modified: April 16, 2009