Laws and Regulations Concerning the Beneficiary in Life Insurance and Annuity Contracts (Challenges, Ambiguities, and Recommendations)
Keywords:
legal challenges, insurance regulations, change of beneficiary, rights of beneficiaries, insurer's obligations , insurance contract, annuity insurance, life insurance , BeneficiaryAbstract
This study was conducted with the aim of examining and critically evaluating the existing laws and regulations concerning the beneficiary in life insurance and annuities. Given the importance of determining beneficiaries in insurance contracts and its direct impact on insurance payouts and the rights of beneficiaries, identifying the existing legal challenges and ambiguities is essential. The main objective of the study is to analyze the legal status of beneficiaries in life insurance and annuities, identify legal problems and gaps, and provide recommendations for amending laws in order to reduce ambiguities and improve the operational efficiency of insurance contracts. This research employed a descriptive–analytical method. For this purpose, laws and regulations related to life insurance and annuities were collected and examined using an analytical approach. Furthermore, existing legal challenges and ambiguities were extracted, and, based on comparative studies and the opinions of legal scholars, reform strategies were proposed. The study revealed that the current laws, in some cases, contain ambiguities and a lack of consistency in the definition and determination of the beneficiary, leading to disputes and legal complications in insurance payouts. In addition, challenges such as changing the beneficiary after the conclusion of the contract, the rights of third-party beneficiaries, and the manner of fulfilling the insurer’s obligations are not clearly addressed in the laws. Accordingly, reforms such as clarifying the definition of the beneficiary, establishing precise regulations regarding changes to the beneficiary, and anticipating mechanisms for dispute resolution are recommended.
Downloads
References
Bardizadeh, N., & Manqoush, M. (2017). The Scope of the Insurer's Liability in Insurance Contracts in International Trade. Norway, Oslo.
Emami, H. (1985). Civil Law. 1.
Hayati, M. (2000). Insurance Law (Vol. 2). Central Insurance, I.R.I.
Iraqi, E. (2017). Social Security Law, Labor Law and International Labor Law. In Perspectives on Social Security Law (Collection of Articles). Ahang Atiyeh Institute.
Jabbari, G. H. (2013). Social Insurance for the Support of Low-Income Groups. Transportation Industry Monthly(67).
Jourdan, P. (2006). Principles of Civil Liability. Mizan Publications.
Katouzian, A. H. (2013). New Articles of Association of Iran Insurance. Central Insurance of Iran Publications.
Khodabakhshi, A. (2009). Civil Liability Law. Official Gazette Publishing House.
Mohammad Beigi, A. A., & Ranjbar Kaleroudi, A. (2013). Life Insurance Facts. Poushesh Gostar.
Parsapour, A. R., Bagheri, A., & Larijani, B. (2010). Charter of Patients' Rights in Iran. Journal of History and Medical Ethics(Special issue).
Rahimi, H. (2010). Civil Liability (Obligations outside the contract). Organization for the Study and Compilation of Humanities Books of Universities (SAMT).
Rahpeik, H. (2014). Civil Liability Law and Compensations. Khosandi Publications.
Safaee, H., & Rahimi, H. (2011). Civil Liability. SAMT Publications.
Sedaghat, M. M. (2017). Introduction to Supplementary Health Insurance. Jungle Publications.
Seifi, Z. (2010). Criteria for Determining the Existence of Good Faith of the Insured and the Insurer in the Insurance Contract. Insurance Industry Journal.
Soleimani, H. A. (2016). Challenges of Insurance Premiums in Contracts. Accountant Magazine(171).
Downloads
Published
Submitted
Revised
Accepted
Issue
Section
License
Copyright (c) 2025 سیده سمیه مرتضوی (نویسنده); محمد عابدی; عبدالله خدابخشی شلمزاری (نویسنده)
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
