83-7-105 - Acknowledgement of concurrence for payout prior to payment.
§ 83-7-105. Acknowledgement of concurrence for payout prior to payment.
Prior to the payment of the accelerated benefit, the insurer shall receive from any assignee or irrevocable beneficiary a signed acknowledgement of concurrence for payout.
Sources: Laws, 1991, ch. 464, § 3, eff from and after July 1, 1991.