| (a) Upon the death of the purchaser, if the account is insured
under the group life insurance plan, the board should be notified at once
and furnished with a certified copy of the death certificate and a deed fee,
which is not paid under the group insurance plan.
(b) If the account is not insured at the time of the purchaser's
death, the board should be furnished:
(1) certified copies of all probate proceedings, if any; or
(2) an affidavit of heirship, if the purchaser dies intestate
and no administration is necessary for the estate.
(c) The person or persons acquiring the rights of the deceased
purchaser should indicate to the board that they are willing to accept the
obligations of the contract of sale and purchase.
(d) Upon receipt of the items listed in subsections (a), (b),
and (c) of this section, the records of the board will be changed to reflect
the new ownership.
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