§ 48.25.150. Beneficiary
(1) Each such 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.
(2) 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.
[1947 c 79 § .25.15; Rem. Supp. 1947 § 45.25.15.]
Sections: Previous 48.25.080 48.25.090 48.25.100 48.25.110 48.25.120 48.25.130 48.25.140 48.25.150 48.25.160 48.25.170 48.25.180 48.25.190 48.25.200 48.25.210 48.25.220 NextLast modified: April 7, 2009