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]
| 1 | 02/23 (H) Referred To Insurance | |
| 2 | 03/09 (H) Died In Committee |
| Effective date | July 1, 2004 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Majority |
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.
End Of Document
2004/html/History/HB/HB1477.htm