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Law Inserting Article 110/1 In The Law Of 25 June 1992 On Terrestrial Insurance, As Regards The Designation Of The Beneficiary Of A Life Insurance Contract (1)

Original Language Title: Loi insérant un article 110/1 dans la loi du 25 juin 1992 sur le contrat d'assurance terrestre, pour ce qui concerne la désignation du bénéficiaire d'un contrat d'assurance-vie (1)

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13 JANVIER 2012. - An Act to insert section 110/1 in the Act of 25 June 1992 on the land insurance contract with respect to the designation of the beneficiary of a life insurance contract (1)

ALBERT II, King of the Belgians,
To all, present and to come, Hi.
The Chambers adopted and We sanction the following:
Article 1er. This Act regulates a matter referred to in Article 78 of the Constitution.
Art. 2. In the Act of 25 June 1992 on the land insurance contract, an article 110/1 is inserted as follows:
“Art. 110/1. Designation of legal heirs as beneficiaries.
Where legal heirs are designated as beneficiaries without the indication of their names, the insurance benefits are due, until proven otherwise or unless otherwise provided, to the estate of the insurance owner. »
Art. 3. The provisions of this Act apply to life insurance contracts entered into on the basis of the coming into force of this Act.
For current life insurance contracts entered into prior to the coming into force of this Act, for a period of two years from the coming into force of this Act, the insurance licensee may explicitly declare, at the initiative of the insurer, that it waives the application of section 110/1, by means of an offender to the police, signed by the insurance provider and the insurer.
In the absence of such a declaration, the current life insurance contracts entered into prior to the coming into force of this Act will be subject to the provisions of this Act at the end of that period.
Promulgate this law, order that it be clothed with the seal of the State and published by the Belgian Monitor.
Given in Brussels on 13 January 2012.
By the King:
Minister of Economy and Consumers,
Seal of the state seal:
The Minister of Justice,
(1) 2010-2011 session.
Documents. - Bill No. 1. - Amendments, 5-310, nbones 2 and 3. - Report, 5-310, No. 4. - Text adopted by the Commission, 5-310, No. 5. - Text adopted in plenary and transmitted to the House of Representatives, 5-310, No. 6.
Annales of the Senate. - 14 July 2011.
Session 2010-2011.
House of Representatives.
Documents. - Project transmitted by the Senate, 53-1685, No. 001. - Amendments, 53-1685, nbones 002 to 004. - Report, 53-1685, no 005. - Text corrected by the commission, 53-1685, no 006. - Text adopted in plenary and subject to Royal Assent, 53-1685, No. 007.
Full report. - 1er December 2011.