TN SB1972

Legislative Description

As enacted, increases the maximum amount of a life insurance policy from $7,500 to $15,000 in order that a photocopy of a certificate of death, along with certain statements, may constitute proof of death; authorizes certain financial institutions and associations to pay out all accounts of certain deceased, and checks payable to certain decedents or their estates, to certain creditors, relatives, and representatives as long as the sums do not exceed $10,000 in the aggregate. - Amends TCA Title 45 and Title 56.

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