2011 Regular Session

SENATE BILL 217

CHAPTER NUMBER: 38
File Code: Insurance - Other than Health
Sponsored By:
Senator Kelley
Entitled:
Life Insurance and Annuities - Retained Asset Accounts - Beneficiaries' Bill of Rights

Synopsis:

Prohibiting an insurer from offering a specified retained asset account as the mode of settlement of proceeds payable under a life insurance policy or annuity contract unless the insurer makes a specified offer and complies with specified disclosure requirements; requiring an insurer to disclose in writing to a beneficiary all the settlement options available under a specified policy or contract under specified circumstances; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.
Senate Action
1/27
First Reading Finance
2/1
Hearing 2/16 at 1:00 p.m.
3/14

Favorable with Amendments Report by Finance
3/15
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/17
Third Reading Passed (47-0)
4/4
Returned Passed
House Action
3/17
First Reading Health and Government Operations
3/23
Hearing 3/31 at 1:00 p.m.
4/5
Favorable Report by Health and Government Operations
4/2
Favorable Report Adopted
Second Reading Passed
4/3
Third Reading Passed (138-0)
Action after passage in Senate and House
4/12
Approved by the Governor
- Chapter 38

Bill indexed under the following Subjects:

Consumer Protection -see also- Unfair Trade Practices
Contracts -see also- Land Installment Contracts; Procurement
Disclosure
Fees -see also- Attys' Fees; Devt Fees & Taxes; Reimb Rates.
Insurance -see also- Health Ins; MAIF; Motor Vehicle Ins
Interest
Investments -see also- Securities
Reports
Unfair Trade Practices

Bill affects the following Statute:

Insurance
( 16-117 )

Documents

All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled, Chapter
Fiscal and Policy Note: Available
Amendments:
Senate
Number: 757271/01     Offered on: March 15, 2011   at: 10:57 a.m.     Status: Adopted
Committee Votes :
Senate
Finance
House
Health and Government Operations
Roll Call Votes (Legislative dates are shown):
Senate
March 17, 2011: Third Reading Passed (47-0)
House
April 3, 2011: Third Reading Passed (138-0)