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2008 SESSION

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SB 450 Slayer statute; insurance company not liable for policies acquired by slayer of decedent.

Introduced by: J. Chapman Petersen | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Slayer statute. Amends the definition of "slayer" to include a person who is convicted of voluntary manslaughter. The bill also amends the definition of "slayer" to include a person who is acquitted of murder or voluntary manslaughter, but who is determined, by a preponderance of the evidence, either before or after his death, by a court to have committed murder or voluntary manslaughter. The bill also provides that transferees or assignees claiming through a slayer cannot acquire property or benefits as a result of the slaying. The bill also provides that insurance companies are not liable on life insurance policies acquired by the slayer for the decedent if (i) the policy was procured by the slayer as part of the plan to murder the decedent, and (ii) the decedent's death from the slayer's act was within two years of the date the policy was issued.  The bill also provides that the slayer statute does not serve to abrogate any common law right or remedy that prevents a slayer from profiting from his crime. The bill also makes several clarifying amendments to the slayer statute. This bill is identical to HB 949.


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