Legal Question in Insurance Law in Indiana
can transamerica refuse to pay 3 beneficiaries that have signed for a lump sum, if a fourth beneficiare refuses to sign ?
Asked on 12/21/11, 8:20 pm
1 Answer from Attorneys
Kenneth Wilk
Rubino Ruman Crosmer & Polen
That might depend on the nature of the distribution. If the policy or contract REQUIRES all signatures, then the company is only protecting itself by demanding all signatures. This sounds like a situation where all of the parties need to sit down and TALK. Then, if and only if an agreement can't be reached, should an attorney be consulted.
Answered on 12/23/11, 12:26 pm
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