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Miss. Code Ann. § 75-63-63

Preneed contracts to be portable; who may name a substitute provider

Applied in 1 court decision — leading case Coleman & Coleman Enterprises, Inc. v. Waller Funeral Home (2012)

Most recently applied in Coleman & Coleman Enterprises, Inc. v. Waller Funeral Home (November 2012)

Laws, 2001, ch. 513, § 7; Laws, 2012, ch. 308, § 3, eff from and after July 1, 2012.

Preneed contracts entered into in this state shall be portable. The naming of a substitute provider shall be in writing by the contract beneficiary or by one who is authorized by law to act on their behalf. If the preneed contract is funded by trust, the notice of a substitute provider shall be made to the original preneed contract seller and the trustee holding funds for the beneficiary. Upon receipt of the notice of substitute provider, the original provider shall be relieved of all obligations to perform the contract including all obligations of reporting and accounting. If the preneed contract is funded by insurance, the change of beneficiary shall be made in writing to the insurance company. If for any reason insurance proceeds are paid to a preneed seller who did not furnish the final needs of the beneficiary at their time of need, the policy proceeds shall be paid in full to the substitute provider or the estate of the preneed beneficiary within ten (10) days of receipt.

Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.