Laws of New York (Last Updated: November 21, 2014) |
ISC Insurance |
Article 32. INSURANCE CONTRACTS - LIFE, ACCIDENT AND HEALTH, ANNUITIES |
Section 3213. Payment of proceeds
Latest version.
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Where the proceeds of a policy of life insurance delivered or issued for delivery in this state are payable, according to its terms, to two or more beneficiaries without designation of their respective interests, the proceeds shall be paid to such beneficiaries in equal portions.