Mississippi Legislature
2004 Regular Session

House Bill 1231

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Bill Text

History of Actions

Background

Title

Description: Life insurance; provide that the proceeds become due as of the date of the death of the insured.

Bill Text: [Introduced]

History of Actions:

1 02/20 (H) Referred To Insurance
2 03/09 (H) Died In Committee

Background Information:

Effective datePassage
DispositionDead
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
Vote type requiredMajority

House Committee:

Principal Author: Formby

Title: AN ACT TO PROVIDE THAT THE PROCEEDS OF A LIFE INSURANCE POLICY BECOME DUE AS OF THE DATE OF THE DEATH OF THE INSURED; TO REQUIRE INSURERS ADMITTED TO TRANSACT LIFE INSURANCE IN THIS STATE TO PAY INTEREST ON PROCEEDS OF CERTAIN LIFE INSURANCE POLICIES; TO PROVIDE THAT SUCH INTEREST SHALL BE COMPUTED FROM THE INSURED'S DEATH UNTIL THE DATE OF PAYMENT; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 03/09/04 at 18:00.

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