§431:10D-215  Assignment of policies. 
Subject to the terms of the policy, or pursuant to an agreement between the
insured, the group policyholder, and the insurer, any person insured under a
group life insurance policy may make to any person, other than the
policyholder, an assignment of all or any part of the incidents of ownership
conferred on the insured by the policy or by law, including specifically, but
not by way of limitation, the right to exercise the conversion privilege and
the right to name a beneficiary. [L 1987, c 347, pt of §2]