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I-12
- Insurance Act
Section 154
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In force date
2006-12-31
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Appointment of trustee
154
(1)
An insured may, in a contract or by a declaration, appoint a trustee for a beneficiary and may alter or revoke the appointment by a declaration.
154
(2)
A payment made by an insurer to a trustee for a beneficiary discharges the insurer to the extent of the payment.
1968, c.6, s.154
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