§33-6-22. Payment discharges insurer.
Whenever the proceeds of or payments under a life or
accident and sickness policy or annuity contract heretofore or
hereafter issued become payable in accordance with the terms of
such policy or contract, or the exercise of any right or
privilege thereunder, and the insurer makes payment thereof in
accordance with the terms of the policy or contract or in
accordance with any written assignment thereof, the person then
designated in the policy or contract or by such assignment as
being entitled thereto shall be entitled to receive such proceeds
or payments and to give full release therefor, and such payments
shall fully discharge the insurer from all claims under the
policy or contract unless, before payment is made, the insurer
has received at its home office written notice by or on behalf of
some other person that such other person claims to be entitled to
such payment or some interest in the policy or contract.