State RegulationsOH specificDifficulty 2/5
A policyholder in Akron named her spouse as a revocable beneficiary and now wants to name her daughter instead. The spouse objects to the change. Under Ohio law, may she change the beneficiary?
Select an option to reveal the answer and the full 3-part explanation — free, no signup.
Answer & full 3-part explanation (select an option above, or peek)
Why D is correct
ORC 3923.04(L) makes the change-of-beneficiary provision reserve to the insured the right to change the beneficiary, unless the insured has made an irrevocable designation. Because this designation was revocable, the spouse's consent is not needed and the insurer processes the insured's change.
Why the other options are wrong
- A) Wrong because ORC 3923.04(L) expressly reserves the change right to the insured; designations are not frozen at issue.
- B) Wrong because a revocable designation needs no beneficiary consent; consent matters only where the designation was made irrevocable.
- C) Wrong because the insurer does not approve or reject the insured's reasons; it simply implements the reserved change right.
Memory hook
Revocable means the insured decides, no one else.