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INSURANCE ACT INSURANCE (NOMINATION OF BENEFICIARIES) REGULATIONS 2009 FORM 2 REVOCATION OF TRUST NOMINATION PLEASE READ THE FOLLOWING BEFORE COMPLETING THIS FORM 1This Form can only be used to revoke

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What is nomination of beneficiaries?

Nomination of beneficiaries is the process of specifying individuals who will receive your assets or benefits in the event of your death.

Who is required to file nomination of beneficiaries?

Anyone who has assets or benefits that can be passed on to beneficiaries is required to file nomination of beneficiaries.

How to fill out nomination of beneficiaries?

You can fill out a nomination of beneficiaries form provided by your financial institution or insurance company, and specify the details of the beneficiaries.

What is the purpose of nomination of beneficiaries?

The purpose of nomination of beneficiaries is to ensure that your assets or benefits are passed on to the individuals you have chosen, without the need for probate or legal complications.

What information must be reported on nomination of beneficiaries?

You must report the full name, relationship, and contact details of the beneficiaries on the nomination form.

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