Sec. 6. If the settlor changes the beneficiary, he must:

(1) select a new beneficiary licensed under IC 25-15, or a funeral home or a funeral director licensed in another state; and

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Terms Used In Indiana Code 30-2-10-6

  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
(2) give written notification to the funeral home originally named as beneficiary.

As added by Acts 1982, P.L.179, SEC.2. Amended by P.L.246-1985, SEC.25.