41-2016 — PAYMENT OF BENEFITS
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TITLE 41
INSURANCE
CHAPTER 20
GROUP LIFE INSURANCE
41-2016. PAYMENT OF BENEFITS. The group life insurance policy shall
contain a provision that any sum becoming due by reason of the death of the
person insured shall be payable to the beneficiary designated by the person
insured, subject to the provisions of the policy in the event there is no
designated beneficiary as to all or any part of such sum living at the death
of the person insured, and subject to any right reserved by the insurer in the
policy and set forth in the certificate to pay at its option a part of such
sum not exceeding five hundred dollars ($500) to any person appearing to the
insurer to be equitably entitled thereto by reason of having incurred funeral
or other expenses incident to the last illness or death of the person insured.