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1616 — Puerto Rico Law | CourtGPT
  1. Home/
  2. Laws/
  3. Puerto Rico/
  4. Title Twenty-six - Insurance (§§ 101 — 10377)/
  5. Subtitle 1 - Insurance Generally/
  6. Chapter 16/
  7. 1616
Puerto Rico Legal Code

1616

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There shall be a provision as follows:\nChange of beneficiary.— Unless the insured makes an irrevocable designation of beneficiary, the right to change of beneficiary is reserved to the insured and the consent of the beneficiary or beneficiaries shall not be requisite to the surrender or assignment of this policy or to any change of beneficiary or beneficiaries, or to any other changes in this policy.\n(The first clause of this provision, relating to the irrevocable designation of beneficiary, may be omitted at the insurer’s option.)\nHistory —Ins. Code § 16.160.