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Riassunto: This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1917 Excerpt: ...United Workmen, assumes to dispose of his interest in the beneficiary fund of the order, virtually the proceeds of a policy of life insurance, and agrees not to change the beneficiary, upon the consideration that the latter will pay all future dues and assessments, and take care of him, is effectual as against a subsequent attempt of the member to violate or annul the contract by changing the beneficiary, where the contract is not in conflict with the lawful conditions upon which the order grants the insurance.19 And a member of a mutual benefit association who procured a certificate designating a certain person as beneficiary pursuant to an agreement with her and upon a consideration moving from her was precluded, as against her, from exercising the privilege ordinarily possessed by members of such association, of changing beneficiaries as often as desired, notwithstanding that the member, being unable to procure the surrender of the certificate by the beneficiary to whom it had been delivered, had, pursuant to a by-law of the association, made application for the issuance of a new certificate without the surrender of the old, and had been informed that his application would doubtless be passed upon favorably if he would forward an indemnity bond, he having died before complying with such requirement.20 Again, if a person agrees to support a man and his wife for life in consideration of being made a beneficiary and of having the proceeds of their benefit certificate the breach of such contract justifies having a new certificate issued making the wife the beneficiary and the transfer of the beneficial interest in such certifi 33 L.R.A.(N.S-) 777, 112 Pac. 155, consent. The marriage on 40 Ins. L. J. 289. "If the deceased her part and procuring of the ee...
Condizione libro: Used
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