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Bill > HB974


MS HB974

MS HB974
Divorce beneficiary revocation; clarify the effective date.


summary

Introduced
01/16/2026
In Committee
01/16/2026
Crossed Over
Passed
Dead
02/03/2026

Introduced Session

2026 Regular Session

Bill Summary

An Act To Amend Section 91-29-23, Mississippi Code Of 1972, To Clarify That The Revocation Of An Ex-spouse As A Beneficiary Shall Apply To All Designations Made By Or On Behalf Of A Decedent On Or After July 1, 2026; And For Related Purposes.

AI Summary

This bill clarifies that when a divorce or annulment occurs, any designation of an ex-spouse as a beneficiary on a life insurance policy will be automatically revoked unless specific exceptions are met, such as the ex-spouse being explicitly named as the beneficiary in the divorce decree, being redesignated after the divorce, or being designated to receive the proceeds for the benefit of a child. The key provision of this bill is that this rule will apply to all such beneficiary designations made by a deceased person on or after July 1, 2026, meaning that if someone dies after that date and their ex-spouse was named as a beneficiary before their divorce, that designation will no longer be valid unless one of the exceptions is met.

Committee Categories

Justice

Sponsors (1)

Last Action

Died In Committee (on 02/03/2026)

bill text


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