Insurance Law 3213 — Legislation
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SECTION 3212
Exemption of proceeds and avails of certain insurance and annuity contracts
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ARTICLE 32
Insurance Contracts - Life, Accident and Health, Annuities
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SECTION 3214
Interest upon proceeds of life insurance policies and annuity contracts
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SECTION 3213
Payment of proceeds
Insurance (ISC) CHAPTER 28, ARTICLE 32
§ 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 two or more beneficiaries without designation
of their respective interests, the proceeds shall be paid to such
beneficiaries in equal portions.