MS HB1034

Authorizes licensed funeral service providers to request life insurance information about deceased persons by providing a death notification, written authorization from someone with legal authority to direct disposition, and affiliation information for group policies.

Requires life insurance companies to respond within two (2) business days with information about existing contracts, beneficiaries on record, outstanding liens or loans, benefit amounts payable, and whether the policy was reinstated within the last 24 months.

Allows referrals to the Office of Consumer Protection if insurers fail to respond within two business days, which shall be treated as a consumer complaint.

Requires funeral service providers to make reasonable efforts within 100 hours to locate beneficiaries and provide them with all insurance information, along with written notice in bold that beneficiaries have no legal obligation to spend life insurance proceeds on funeral expenses or debts.

Classifies making false requests for insurance information or failing to comply with beneficiary notification requirements as unprofessional conduct subject to disciplinary action by the State Board of Funeral Service, with penalties up to $5,000 and potential license suspension or revocation.