Mississippi Legislature
2003 Regular Session

House Bill 271

Main Menu


Bill Text

History of Actions

Background

Title

Description: Life insurance; benefits on policy issued on life of another payable only to insured's estate without consent of insured.

Bill Text: [Introduced]

History of Actions:

1 01/07 (H) Referred To Insurance
2 02/04 (H) Died In Committee

Background Information:

Effective dateJuly 1, 2003
DispositionDead
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
Vote type requiredMajority

House Committee:

Principal Author: Davis

Code Section: A 083-0005-0253

Title: AN ACT TO AMEND SECTION 83-5-253, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT THE PROVISIONS OF ANY INSURANCE POLICY UPON THE LIFE OF ANOTHER WHICH PROVIDES FOR BENEFITS TO BE PAYABLE UNDER THE POLICY TO SOMEONE OTHER THAN THE INSURED'S ESTATE, PERSONAL REPRESENTATIVES, DESIGNATED BENEFICIARIES OR HEIRS SHALL BE VOID AND OF NO EFFECT UNTIL THE INSURED GIVES HIS OR HER WRITTEN CONSENT TO SUCH PROVISIONS AND, IN THE ABSENCE OF THE INSURED'S CONSENT, THE POLICY BENEFITS SHALL BE DEEMED TO BE PAYABLE TO THE INSURED'S ESTATE OR LEGAL REPRESENTATIVE; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 02/04/03 at 17:50.

End Of Document
2003/pdf/History/HB/HB0271.htm