§ 31A-11. Insurance benefits. - North Carolina Statutes

§31A‑11.  Insurance benefits.

(a)        Insurance andannuity proceeds payable to the slayer:

(1)        As the beneficiaryor assignee of any policy or certificate of  insurance on the life of thedecedent, or

(2)        In any other mannerpayable to the slayer by virtue of his surviving the decedent, shall be paid tothe person or persons who would have been entitled thereto as if the slayer hadpredeceased the decedent.  If no alternate beneficiary is named, insurance andannuity proceeds shall be paid into the estate of the decedent.

(b)        If the decedent isbeneficiary or assignee of any policy or certificate of insurance on the lifeof the slayer, the proceeds shall be paid to the estate of the decedent uponthe death of the slayer, unless the policy names some person other than theslayer or his estate as alternative beneficiary.

(c)        Any insurance orannuity company making payment according to the terms of its policy or contractshall not be subjected to additional liability by the terms of this chapter ifsuch payment or performance is made without notice of circumstances tending tobring it within the provisions of this Chapter. (1961, c. 210, s. 1; 1989, c.485, s. 3.)