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Statutes > New York Laws > ISC - Insurance > Article 32 - (3201 - 3239) INSURANCE CONTRACTS - LIFE, ACCIDENT AND HEALTH, ANNUITIES > 3213 - Payment of proceeds.

STATE STATUTES & CODES

NEW YORK STATUTES AND CODES

3213 - Payment of proceeds.

§ 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.

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