The Law of Life Insurance in Re Beneficiary and Assignment
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| Partner: | buecher.de |
| Hersteller: | Forgotten Books (Fricke, Charles W.) |
| Stand: | 2015-08-04 03:50:33 |
Produktbeschreibung
Excerpt from The Law of Life Insurance in Re Beneficiary and Assignment: 1903 No questions relating to life insurance have so frequently been before the courts, as those arising out of the designation of the beneficiary, and the assignment of the contract of insurance. Within the last half century, at least one-half the life insurance questions presented to attorneys, either for the claimants, or for the Company, or Mutual Benefit Society, involved the question as to whom payment of the proceeds of a matured policy or certificate should be made. Upon the maturity of a contract of life insurance, two questions arise: - to whom are the proceeds payable, and, if payable to more than one person, in what manner are they to be divided. The liability of the insurer, and the interests involved and affected by such liability arising under the contract of insurance, make a correct interpretation of its conditions, and the statutory laws applicable thereto, of the greatest moment to the business of life insurance. A contract of life insurance is an agreement whereby one of the parties, the insurer, in consideration of a certain sum of money, called the premium, undertakes to pay a certain larger sum of money upon the death of the person whose life is insured, to the payee under the terms of the contract. The payee mentioned in the contract is called the beneficiary. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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