[§572C-4]  Requisites of a valid reciprocal
beneficiary relationship.  In order to enter into a valid reciprocal
beneficiary relationship, it shall be necessary that:



(1)  Each of the parties be at least eighteen years
old;



(2)  Neither of the parties be married nor a party to
another reciprocal beneficiary relationship;



(3)  The parties be legally prohibited from marrying
one another under chapter 572;



(4)  Consent of either party to the reciprocal
beneficiary relationship has not been obtained by force, duress, or fraud; and



(5)  Each of the parties sign a declaration of
reciprocal beneficiary relationship as provided in section 572C-5. [L 1997, c
383, pt of §1]