| SB 0960 | Life Ins. Policy May Restrict Liab. For Suicide For 2 Years |
| Sponsor: | CURLS | ||
| LR Number: | S3574.01I | Fiscal Note: | 3574-01 |
| Committee: | Insurance and Housing | ||
| Last Action: | 03/20/96 - Hearing Conducted S Insurance & Housing Committee | ||
| Title: | |||
| Effective Date: | August 28, 1996 | ||
SB 960 - This act allows life insurers to exclude liability
if the insured commits suicide within 2 years of the date of
issuance of the policy. The insurer is required to refund all
premiums paid on the policy.
MIKE HOEFERKAMP