Terms Used In 12 Guam Code Ann. § 58306

  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
The Authority shall establish the fees for the Special Qualifying Certificate pursuant to this Article. As to the annual compliance monitoring fees, the fee shall be assessed annually until such time as the QC beneficiary has exhausted the total dollar amount of its QC benefit.