™Your Policy Risk Impact Agent
61 chapters · 1,359 sections in this title.
Miss. Code Ann. § 83-7-1 Life insurance companies defined
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All corporations, associations, partnerships, or individuals doing business in this state under any charter, contract, agreement, or statute of this or any other state involving the payment of money or other things of value to families or representatives of policy and certificate…
Miss. Code Ann. § 83-7-101 Definitions
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(a) “Accelerated benefits” are benefits payable under a life insurance contract:(i) To a policy owner, during the lifetime of the insured, in anticipation of death or upon the occurrence of specified life-threatening or catastrophic conditions as defined by the policy or rider;(i…
Miss. Code Ann. § 83-7-103 Accelerated benefit provisions as not representing morbidity risks
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Accelerated benefit riders and life insurance policies with accelerated benefit provisions do not represent morbidity risks.
Miss. Code Ann. § 83-7-105 Acknowledgement of concurrence for payout prior to payment
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Prior to the payment of the accelerated benefit, the insurer shall receive from any assignee or irrevocable beneficiary a signed acknowledgement of concurrence for payout.
