Rhode Island General Laws 33-1.1-11. Insurance proceeds
(a) Insurance proceeds payable to the slayer as the beneficiary or assignee of any policy or certificate of insurance on the life of the decedent or as the survivor of a joint life policy, even though such policy or certificate was procured and maintained by the slayer and even though he or she paid all the premiums, shall be paid as if the slayer had predeceased the insured.
Terms Used In Rhode Island General Laws 33-1.1-11
- 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
- Decedent: A deceased person.
- Decedent: means any person whose life is taken by a slayer;
(2) "Property" shall include any real and personal property and any right or interest therein;
(3) "Slayer" means any person who wilfully and unlawfully takes or procures to be taken the life of another. See Rhode Island General Laws 33-1.1-1
- person: may be construed to extend to and include co-partnerships and bodies corporate and politic. See Rhode Island General Laws 43-3-6
(b) If the decedent is beneficiary or assignee of any policy or certificate of insurance on the life of the slayer, the proceeds shall be paid to the estate of the decedent upon the death of the slayer, unless the policy names some person other than the slayer or his or her estate as alternate beneficiary, or unless the slayer, by naming a new beneficiary or assigning the policy, performs an act which would have deprived the decedent of his or her interest in the policy if he or she had been living.
History of Section.
P.L. 1962, ch. 62, § 1.