Acts and Regulations

I-12 - Insurance Act

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Simultaneous deaths
177Unless a contract or a declaration otherwise provides, where the person whose life is insured and a beneficiary die at the same time or in circumstances rendering it uncertain which of them survived the other, the insurance money is payable in accordance with subsection 155(1) as if the beneficiary had predeceased the person whose life is insured.
1968, c.6, s.177