61 Pa. Code § 811.16 - Prizes payable after death of prize winner

Prizes or portions thereof will remain payable at the time of death of a prize winner. Upon payment as provided in this section, the Commonwealth will be absolved of further liability. Under no circumstances will the payment of prizes be accelerated before their normal date of tender or payment because of the death of a prize winner.

(1) Prizes or portions thereof not payable by an annuity contract will be payable to a designated beneficiary which the deceased prize winner may appoint by will. If a deceased winner of a prize not payable by an annuity contract fails to designate a party specifically or by residuary clause or fails to exercise a power of appointment in his will, then payment will be made directly to those parties who would succeed to the assets of the deceased prize winner under 20 Pa.C.S. Chapter 21 (relating to intestate succession).

(2) Prizes or portions thereof payable by an annuity contract will be payable to the party designated as a beneficiary on the latest valid beneficiary statement on file with the Commonwealth. If a winner of a prize or portion thereof payable by an annuity contract dies before completing a valid beneficiary statement or does not have a valid beneficiary statement on file with the Commonwealth at the time of death, then the prize or portion thereof will be payable according to paragraph (1).

Notes

61 Pa. Code § 811.16

The provisions of this § 811.16 amended through May 6, 1983, effective 5/7/1983, 13 Pa.B. 1581.

This section cited in 61 Pa. Code § 815.49 (relating to procedure for claiming and payment of prizes); 61 Pa. Code § 815.239 (relating to procedure for claiming and payment of prizes); 61 Pa. Code § 816.111 (relating to procedures for claiming and payment of prizes); 61 Pa. Code § 819.231 (relating to procedure for claiming and payment of prizes); 61 Pa. Code § 870.11 (relating to procedures for claiming and payment of prizes); 61 Pa. Code § 871.13 (relating to procedures for claiming and payment of Powerball prizes); 61 Pa. Code § 871.22 (relating to changes to Powerball); 61 Pa. Code § 872.11 (relating to procedures for claiming and payment of prizes); 61 Pa. Code § 873.9 (relating to determination of prize winners); 61 Pa. Code § 873.12 (relating to procedures for claiming and payment of prizes); 61 Pa. Code § 874.11 (relating to procedures for claiming and payment of prizes); and 61 Pa. Code § 875.11 (relating to procedures for claiming and payment of prizes).