Mississippi HB729 allows funeral service providers to request life insurance information for deceased individuals, requiring insurers to respond.
Mississippi HB729 authorizes funeral service providers to request specific information about a deceased person's life insurance policies. This includes details such as the existence of the policy, the amount of benefits payable, and any liens or loans on the policy. The life insurance company must respond to these requests within two business days. The bill also mandates that the person requesting the information must inform all beneficiaries that they have no obligation to use the life insurance proceeds for funeral expenses or debts of the deceased.
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