THEODORE R. MCKELDIN, GOVERNOR 2009

three years after the time written proof of loss is required to be
furnished.

(12) A provision as follows: (Change of Beneficiary. ) Un-
less the insured makes an irrevocable designation of benefici-
ary, the right to change of beneficiary is reserved to the insured
and the consent of the beneficiary or beneficiaries shall not be
requisite to surrender or assignment of this policy or to any
change of beneficiary or beneficiaries, or to any other changes
in this policy.

(The first clause of this provision, relating to the irrevocable
designation of beneficiary, may be omitted at the insurer's op-
tion. )

(B) (Other Provisions. ) Except as provided in paragraph
(C) of this section, no such policy delivered or issued for de-
livery to any person in this State shall contain provisions re-
specting the matters set forth below unless such provisions are
in the words in which the same appear in this section; pro-
vided, however, that the insurer may, at its option, use in lieu
of any such provision a corresponding provision of different
wording approved by the Commissioner which is not less favor-
able in any respect to the insured or the beneficiary. Any pro-
vision contained in the policy shall be preceded individually
by the appropriate caption appearing in this subsection or, at
the option of the insurer, by such appropriate individual or
group captions or subcaptions as the Commissioner may ap-
prove.

(1) A provision as follows: (Change of Occupation. ) If the
insured be injured or contract sickness after having changed
his occupation to one classified by the insurer as more hazard-
ous than that stated in this policy or while doing for compen-
sation anything pertaining to an occupation so classified, the
insurer will pay only such portion of the indemnities provided
in this policy as the premium paid would have purchased at the
rates and within the limits fixed by the insurer for such more
hazardous occupation. If the insured changes his occupation
to one classified by the insurer as less hazardous than that
stated in this policy, the insurer, upon receipt of proof of such
change of occupation, will reduce the premium rate accordingly,
and will return the excess pro-rata unearned premium from
the date of change of occupation or from the policy anniversary
date immediately preceding receipt of such proof, whichever is
the more recent. In applying this provision, the classification
of occupational risk and the premium rates shall be such as
have been last filed by the insurer prior to the occurrence of
the loss for which the insurer is liable or prior to date of proof
of change in occupation with the state official having super-