Ohio Code § 3923.10

§ 3923.10.

Industrial sickness and accident insurance is that form of sickness and accident insurance

under individual policies for which the premium is payable weekly, and includes any

such policy which covers sickness only or accident only. Any insurer authorized to make, transact, or issue sickness and accident insurance

in this state may make, transact, or issue industrial sickness and accident insurance

in this state. No policy of industrial sickness and accident insurance may be delivered, issued for

delivery, or used in this state unless it has printed thereon the words “industrial

policy.” Each such policy shall be subject to sections 3923.01 to 3923.22, inclusive, of the Revised Code .  Such policy may contain a provision that, upon proper written request, a named beneficiary

shall be designated in or by indorsement on the policy to receive the proceeds thereof

on the death of the insured, and there shall be reserved to the insured the power

to change the beneficiary at any time by written notice to the insurer at its home

office, accompanied by the policy for indorsement of the change thereon by the insurer.  The insurer may refuse to designate a beneficiary if evidence satisfactory to the

company of such beneficiary's insurable interest in the life of the insured is not

furnished on request.  Any such policy may provide in substance that any payment thereunder may be made

to the insured or the insured's estate, or to any relative by blood or connection

by marriage of the insured, or to the extent of such portion of any payment under

the policy as may reasonably appear to the insurer to be due to such person, or to

any other person equitably entitled thereto by reason of having incurred expense occasioned

by the maintenance, illness, or burial of the insured.  If the policy is in force at the death of the insured, the proceeds thereof shall

be payable to the named beneficiary if he is living, but upon the expiration of fifteen

days after the death of the insured, unless proof of claim in the manner and form

required by the policy, accompanied by the policy for surrender, has previously been

made by such beneficiary, the insurer may pay said proceeds to any other person permitted

by the policy.