38.2-4019 - Beneficiaries. - Virginia Statutes

§ 38.2-4019. Beneficiaries.

No person other than a wife, husband, relative by blood to the fourth degree,father-in-law, mother-in-law, son-in-law, daughter-in-law, stepfather,stepmother, stepchild, or child by legal adoption of the member, or one whois dependent upon the member or one who has an insurable interest in the lifeof the member as described in § 38.2-301, shall be named a beneficiary of themember's certificate. Within the above limitations, each member shall havethe right to designate his beneficiary and to change his beneficiary, upondue notice to the society. If the beneficiary is not living or if noallowable beneficiary has been designated, any proceeds otherwise payableshall be payable to the member's estate.

(Code 1950, § 38-151; 1952, c. 317, § 38.1-561; 1986, c. 562.)