SB 838
Allows life insurance companies to exclude coverage for suicide deaths under certain circumstances
LR Number:
3662S.01I
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