The Law of Voluntary Societies And Mutual Benefit Insurance
The book The Law of Voluntary Societies And Mutual Benefit Insurance was written by author Niblack, William Caldwell, 1854-1920 Here you can read free online of The Law of Voluntary Societies And Mutual Benefit Insurance book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is The Law of Voluntary Societies And Mutual Benefit Insurance a good or bad book?
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"We can see no reason to suppose that the later assignment was intended to operate as a revocation of the designation to the wife, unless it took effect as a designation to the mother. Tlie scheme of the by-laws is that the beneiiciary shall be designated by the member in his application for membership, and the benefit shall be paid to such beneiiciary, unless there is a subsequent legal assignment. They make no provision for revoking a designation except by a legal assignment to some other per...son, assented to by the directors. We cannot presume that the deceased member intended his assignment to operate as a revocation of the previous designation in the event of its invalidity as an assignment to his mother, and there is no assent of the directors to any such revocation." § 331. Fraudulent change of beneiiciary. When the beneficiary has no vested right in the benefit fund, a change of beneficiary works no fraud upon the original bene- ficiary, or those claiming through or under him.
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