SB838 - Allows life insurance companies to exclude coverage for suicide deaths under certain circumstances

SB 838

Allows life insurance companies to exclude coverage for suicide deaths under certain circumstances

Sponsor:

Loudon

Co-Sponsor(s)

LR Number:

3662S.01I

Committee:

Small Business, Insurance & Industrial Relations

Last Action:

2/22/2006 - Removed S Consent Calendar

Journal Page:

S289

Title:

Calendar Position:

Effective Date:

August 28, 2006

Current Bill Summary

SB 838 - This act allows life insurance companies to exclude coverage for suicide for one year after the issuance of the policy. If the life insurance policy excludes coverage for suicide during the first year, and the insured dies as a result of suicide within such period, the insurer must refund all premiums paid.

This act is similar to HB 1060 (1996).

STEPHEN WITTE

Amendments