Bill > HB103

This bill clarifies the effective date and application of Mississippi's law regarding life insurance beneficiary designations after divorce. Specifically, the bill amends Section 91-29-23 of the Mississippi Code to explicitly state that the provisions regarding ex-spouse beneficiary revocation apply to all insurance policy beneficiary designations made by or on behalf of a decedent who died on or after July 1, 2020. Under the existing law, when a divorce occurs, a life insurance policy's beneficiary designation naming the ex-spouse is automatically voided unless certain specific conditions are met, such as the divorce decree explicitly keeping the ex-spouse as beneficiary or the policyholder redesignating the ex-spouse after the divorce. If the ex-spouse is no longer a valid beneficiary, the insurance proceeds will be paid to an alternative beneficiary or, if none exists, to the insured's estate. The bill's primary purpose is to provide legal clarity by establishing a clear effective date for these beneficiary revocation rules, ensuring consistent application across life insurance policies following a divorce.

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https://billstatus.ls.state.ms.us/2025/pdf/history/HB/HB0103.xml