A provision that permits the insured to change the beneficiary as often as they wish, except in policies where the beneficiary is irrevocable. In the case of an irrevocable beneficiary, the beneficiary must provide written consent for a change to be made.
Related information about change of beneficiary provision:
- Change of Beneficiary Provision: Definition from Answers.com
Change of Beneficiary Provision Element of a life insurance policy permitting the policyowner to change a beneficiary as frequently as desired unless the.
- What is change of beneficiary provision? - BusinessDictionary.com
Definition of change of beneficiary provision: A provision that permits the insured to change the beneficiary as often as he or she wishes, except in policies ...
- What is change of beneficiary provision? - InvestorWords.com
Definition of change of beneficiary provision: A provision that permits the insured to change the beneficiary as often as they wish, except in policies where the ...
- CHAPTER 85
Change of beneficiary provision. (a) There shall be a provision as follows: “ Change of Beneficiary: Unless the insured makes an irrevocable designation of ...
- Life & Health Chapter 10 Exam flashcards | Quizlet
Apr 9, 2012 ... The Change of Beneficiary Provision (a Mandatory Uniform Provision) establishes the insured's right to change the beneficiary, unless ...
- Public Laws, 2nd Regular Session of the 122nd
An Act To Clarify the Change of Beneficiary Provision in the Maine State Retirement System Laws. Be it enacted by the People of the State of Maine as follows: ...
- Part III - Insurance Schools
Change of Beneficiary Provision. The beneficiaries section of any policy describes the process of the designation and change of beneficiaries. In general, the ...
- Time Payment of Claims - Insurance Continuing Education
A health policy that pays any type of death benefit includes a change of beneficiary provision, allowing the insured to select a different beneficiary as long as an ...