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§3213

§3213 . Payment of proceeds. Where the proceeds of a policy of life insurance delivered or issued for delivery in this state are payable, according to its terms, to 2 or more beneficiaries without designation of their respective interests, the proceeds shall be paid to such beneficiaries in equal portions.
Source Data downloaded: 2009-04-19 12: 25: 15;       Processed: 2009-05-08 15: 36: 00


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©2009 Paul Margus, FSA, MAAA