Financial Secretary Handbook - Knights of Columbus, Supreme ...

Third: The insured’s natural parents, or in the event
the person insured had been legally adopted, his or her
adoptive parents.
Fourth: Any surviving brothers or sisters of the
insured.
Fifth: The insured’s estate.
LOST CERTIFICATES (POLICIES)
Form No. 113D for replacement of lost benefit certificate
is available. It is known as: Affidavit and
Agreement Concerning Loss or Destruction of Benefit
Certificate.
When loss of a certificate is reported and a duplicate
requested, the financial secretary is asked to obtain
from the member the following information:
• Whether it is definitely known that the original
certificate is irrecoverably lost or destroyed.
• Whether it is needed for processing a cash surrender
request.
Occasionally, a financial secretary learns that the
certificate is neither lost nor destroyed but is being
held by the beneficiary or some other person against
the insured’s wishes. Please suggest to the insured that
he may wish to consult his attorney to attempt to
recover the certificate. If the certificates are being
dealt with in connection with a divorce, or other judicial
proceedings, suggest to the member that this fact
be made known at once to the Supreme Council office.
NOTE: It is not necessary to require the benefit certificate
to be sent to the Supreme Council office with any
request for change of beneficiary (Form #113A).
INSURANCE REINSTATEMENT
Members who have allowed their insurance to lapse
have the privilege of reinstating by complet ing an
Application for Insurance Reinstatement (Form #1164,
page 85 and Form #898, page 86) where applicable. The
forms and necessary pay ment can be mailed to the
Supreme Council office — Pay ment Receipts
Department.
The statement on the health of the applicant is subject
to review by the Supreme Physician with the possibility
that further evidence of insurability may be
required. It is stipulated that the certificate shall not be
considered a reinstatement until it is ap proved at the
Supreme Council office.
If the financial secretary assists the applicant, he
should make certain that the application and the payment
are forwarded together. The form needed and the
information as to the amount of payment required
should be obtained by writing to the Payment Receipts
Department, Reinstatement Division, giving the following
in formation:
• Name of applicant (If a juvenile, then both the
applicant’s name and the juvenile’s name)
• Address
• Number (certificate or policy)
The application and the information on the re quired
payment will then be sent to the financial secretary.
Whenever possible, the financial secretary should
refer insurance matters to the agency representative
in the area.
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