Estates, trusts, and minors.

CFR · 2024-01-01 · US · Title 7

(a) DMC Program documents executed by producers legally authorized to represent estates or trusts will be accepted only if such producers furnish evidence of the authority to execute such documents. (b) A minor who is otherwise eligible for benefits under this subpart is also required to: (1) Establish that the right of majority has been conferred on the minor by court proceedings or by law; (2) Show that a guardian has been appointed to manage the minor's property and the applicable DMC Program documents are executed by the guardian; or (3) Furnish a bond under which the surety guarantees any loss incurred for which the minor would be liable had the minor been an adult.

official document · source cfr-2024 · id 7:§ 1430.420