{"data":{"id":"us-ky/krs-304.16-170","jurisdiction":"us-ky","citation":"KRS 304.16-170","heading":"Beneficiary.","body":"(1) There shall be a provision that any sum becoming due by reason of the death of the\nindividual insured shall be payable to the beneficiary designated by such individual,\nsubject to the provisions of the policy in the event there is no designated\nbeneficiary, as to all or any part of such sum, living at the death of the individual\ninsured and subject to any right reserved by the insurer in the policy and set forth in\nthe certificate to pay, at its option a part of such sum not exceeding two thousand\ndollars ( $2,000) to any person appearing to the insurer to be equitably entitled\nthereto by reason of having incurred funeral or other expenses incident to the last\nillness or death of the individual insured.\n(2) In the case of a group life insurance policy issued to an employer or the employer's\ntrustee of a pension or other benefit plans established by an employer for the benefit\nof the employer's employees, there may be a provision in the policy that any sum\nbecoming due by reason of the death of any insured shal l be payable to the trustees\nof the pension or other benefit plan or fund.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=17279","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:57:45Z","sha256":"46547f293d61b8c28078fc6bbe2e0704277f9cf52206cfc9a7f74cc4e1cce9f3","source_id":"us-ky","stale":false,"prev":"us-ky/krs-304.16-160","next":"us-ky/krs-304.16-180"},"notice":"GroundRules: Original legal text. Not legal advice."}