(1) The holder of a policyof life insurance may, in any case where the nominee is a minor,appoint any person to receive the money secured by the policy in theevent of his death during the minority of the nominee, communicatesuch appointment to the insurer concerned by forwarding the documentsrelating to such appointment which should be endorsed by theappointee to show his consent thereto.
(2) Any such appointment in order to be effectual shall unlessincorporated in the text of the policy itself, be made by anendorsement on the policy.
(3) Any such appointment may at any time before the policy maturesfor payment be cancelled or changed by an endorsement or furtherendorsement, as the case may be, and communicated to the insurer.
