US Laws, Codes, Statutes & Cases

                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 32
                         FRATERNAL BENEFIT SOCIETIES
    41-3217.  BENEFICIARIES. (1) The owner of a benefit contract shall have
the right at all times to change the beneficiary or beneficiaries in
accordance with the laws or rules of the society unless the owner waives this
right by specifically requesting in writing that the beneficiary designation
be irrevocable. A society may, through its laws or rules, limit the scope of
beneficiary designations and shall provide that no revocable beneficiary shall
have or obtain any vested interest in the proceeds of any certificate until
the certificate has become due and payable in conformity with the provisions
of the benefit contract.
    (2)  A society may make provision for the payment of funeral benefits to
the extent of such portion of any payment under a certificate as might
reasonably appear to be due to any person equitably entitled thereto by reason
of having incurred expense occasioned by the burial of the member, provided
the portion so paid shall not exceed the sum of five hundred dollars ($500).
    (3)  If, at the death of any person insured under a benefit contract,
there is no lawful beneficiary to whom the proceeds shall be payable, the
amount of such benefit, except to the extent that funeral benefits may be paid
as hereinbefore provided, shall be payable to the personal representative of
the deceased insured, provided that if the owner of the certificate is other
than the insured, such proceeds shall be payable to such owner.