Statute · New York Insurance Law
N.Y. Ins. Law § 3213 — Payment of proceeds
N.Y. Ins. Law § 3213
- Type
- Statute
- Source
- New York Insurance Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 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…
Citator
N.Y. Ins. Law § 3213 — Payment of proceeds is in force in the current edition of the Code, and nothing recorded condemns it.
§ 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.