Article 774 of Civil Code

1 - The insured means the person who undertakes to perform the obligations corresponding to the insurer's obligations, and the beneficiary means the person or persons to whom the insurer renders what he has undertaken in the event of the occurrence of the incident or realization of the risk specified in the contract. 2 - The insured shall be deemed the beneficiary unless another beneficiary is designated in the contract. First: Conclusion of the Insurance Contract