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2011 SESSION
HB 2529 Life insurance; required disclosure.
Introduced by: Lynwood W. Lewis, Jr. | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Life insurance; required disclosure. Requires an insurer to provide written notice to the owner of a life insurance policy if (i) an individual insured is age 60 or older or is known to be terminally ill or chronically ill and (ii) the individual requests the surrender of the policy, the individual requests an accelerated death benefit, the insurer sends a notice of lapse of the policy, or the State Corporation Commission otherwise requires the sending of the notice. The notice is required to include information regarding alternatives to the lapse or surrender of the life insurance policy.
FULL TEXT
HISTORY
- 01/21/11 House: Presented and ordered printed 11103171D
- 01/21/11 House: Referred to Committee on Commerce and Labor
- 02/01/11 House: Tabled in Commerce and Labor by voice vote