A BILL TO BE ENTITLED
AN ACT to require insurers to verify certain life insurance information to funeral establishments in a timely manner.
The General Assembly of North Carolina enacts:
SECTION 1.  Article 58 of Chapter 58 of the General Statutes is amended by adding a new section to read:
"§ 58‑58‑96. Verification of coverage for funeral establishments.
All insurers shall respond to a request from a funeral establishment, as that term is defined in G.S. 90‑210.20, for information regarding a deceased's insurance coverage, including the name of the beneficiary of the policy, within 24 hours of receiving the request. The request shall be submitted to the insurer on a form approved by the Commissioner. The insurer shall verify the policy information pursuant to this section and rules adopted by the Commissioner."
SECTION 2.  This act becomes effective October 1, 2007.