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CCQ-1991 - Civil Code of Québec
Section 2445
Disposition versions
2445. The sum insured may be payable to the policyholder, the participant or a specified beneficiary.
In individual insurance, the holder of a policy on the life of a third person may designate a subrogated policyholder to replace him upon his death; he may also designate several subrogated policyholders and specify the order in which they will succeed to any preceding policyholder.
A life insurance policy may not be payable to bearer.
2445. The sum insured may be payable to the policyholder, the participant or a specified beneficiary.
In individual insurance, the holder of a policy on the life of a third person may designate a subrogated policyholder to replace him upon his death; he may also designate several subrogated policyholders and specify the order in which they will succeed to any preceding policyholder.
The proceeds of a life insurance policy may not be payable to bearer.
