27 Miss. Code. R. 220-XVII-17.7

Current through December 10, 2024

Section 27-220-XVII-17.7 - DELAY OF BENEFIT PAYMENTS

The Third Party Administrator may delay payment of a distribution to a Participant or Beneficiary for any of the following reasons:

a. if a dispute arises as to the proper payee;

b. if the paperwork is not in good order to enable it to be processed by the Third Party Administrator;

c. if notice of legal proceeding involving the Participant's Account has been received and restricts payments from such Account; or

d. for any other lawful purpose.

27 Miss. Code. R. 220-XVII-17.7

Amended 10/1/2015

Amended 8/1/2016

Amended 4/1/2017

Amended 1/1/2021

Amended 4/1/2022

Amended 7/1/2023

Amended 12/1/2023