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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Posted the: 2012-02-24 Numac: 2012011026 SERVICE PUBLIC FÉDÉRAL ÉCONOMIE, P.M.E., CLASSES average and energy January 13, 2012. -Law inserting article 110/1 in the law of 25 June 1992 on terrestrial insurance, as regards the designation of the beneficiary of a contract of life insurance (1) ALBERT II, King of the Belgians, to all, present and to come, hi.
The Chambers have adopted and we endorse the following: Article 1. This Act regulates a matter referred to in article 78 of the Constitution.
S. 2. in the law of 25 June 1992 on terrestrial insurance contract, it is inserted an article 110/1 as follows: «art.» 110/1. Designation of legal heirs as beneficiaries.
When the legal heirs are designated as beneficiaries without indicating their names, insurance benefits are due, until evidence to the contrary or unless otherwise agreed, to the estate of the policyholder. » Art. 3. the provisions of this Act are applicable to life insurance contracts from the entry into force of this Act.
For current life insurance contracts concluded before the entry into force of this Act, for a period of two years from the entry into force of this Act, the policyholder may declare explicitly, at the initiative of the insurer, that it waives the application of article 110/1, through an amendment to the police, signed by the policyholder and the insurer.
In the absence of such a declaration, the current life insurance contracts concluded before the entry into force of this Act will be submitted, at the end of that period, to the provisions of this Act.
Promulgate this Act, order that it be under the seal of the State and published by le Moniteur.
Given in Brussels, January 13, 2012.
ALBERT by the King: the Minister for the economy and consumers, J. VANDE LANOTTE sealed with the seal of the State: the Minister of Justice, Ms. A. TURTELBOOM _ Note (1) Session 2010-2011.
-Law proposition of Mr. Swennen, 5-310, no. 1. -Amendments, 5-310, Nos. 2 and 3.
-Report, 5-310, no. 4. -Text adopted by the commission, 5-310, no. 5. -Text adopted in plenary meeting and transmitted to the House of representatives, 5-310, no. 6.
Annals of the Senate. -14 July 2011.
Session 2010-2011.
House of representatives.
Documents. -Draft transmitted by the Senate, 53-1685, no. 001. -Amendments, 53-1685, our 002 to 004. -Report, 53-1685, no. 005. -Text corrected by the commission 53-1685, no. 006. -Text adopted in plenary meeting and submitted to the Royal assent, 53-1685, no. 007.
Compte rendu intégral. -1st December 2011.