20 NCAC 02B .0303 CONTINGENT BENEFICIARY A principal beneficiary

Document Sample
20 NCAC 02B .0303 CONTINGENT BENEFICIARY A principal beneficiary Powered By Docstoc
					20 NCAC 02B .0303            CONTINGENT BENEFICIARY
A principal beneficiary may be named with the stipulation that should he predecease the member, payment of the amount due,
if any, will be made to a designated contingent beneficiary. It is permissible to name more than one contingent beneficiary.
In the event of the death of any so named, those surviving shall share equally in the total benefits. If more than one principal
beneficiary is named, the naming of a contingent beneficiary or beneficiaries will not be permitted.

History Note:     Authority G.S. 135-5(g); 135-6(f);
                  Eff. February 1, 1976;
                  Readopted Eff. September 21, 1977.

				
DOCUMENT INFO
Shared By:
Categories:
Tags:
Stats:
views:4
posted:12/1/2011
language:English
pages:1