SB 428 – Requires insurance companies to discount insurance premiums by ten percent to senior citizens

• Sponsor: Callahan
• LR Number: 1851S.01I
• Committee: Small Business, Insurance & Industrial Relations
• Last Action: 3/2/2005 - Second Read and Referred S Small Business, Insurance & Industrial Relations Committee
• Journal Page: S337
• Effective Date: August 28, 2005

Current Bill Summary

SB 428 - This act requires insurance companies that issue homeowner's, life or health insurance to discount the premium by 10% if the insured is a senior citizen (65 years of age or older).

STEPHEN WITTE