HB0027 (CH0430)

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2018 Regular Session



Life Insurance - Life of a Minor - Underwriting Standards and Procedures

Sponsored by:

Delegate Barron


Approved by the Governor - Chapter 430

Synopsis:Authorizing a life insurer to refuse an application for a policy of life insurance on the life of a minor only under certain circumstances; requiring an application for a policy of life insurance on the life of a minor to include a certain consent and the signatures of the applicant and, the parent or legal guardian with whom the minor resides, if the minor is neither emancipated or married; requiring a life insurer to take certain actions as part of the insurer's written standards and procedures for policy application and acceptance; etc.
Analysis:Fiscal and Policy Note (Revised)
All Sponsors:Delegates Barron, Waldstreicher, Pendergrass, Bromwell, Angel, Cullison, Hayes, Hill, Kelly, Kipke, Krebs, Metzgar, Miele, Morales, Morgan, Pena-Melnyk, Platt, Rosenberg, Saab, Sample-Hughes, Szeliga, West, and K. Young
Additional Facts:Cross-filed with: SB0168
Bill File Type: Pre-Filed
Effective Date(s): January 1, 2019
Health and Government Operations  View Committee HearingFinance  View Committee Hearing
Broad Subject(s):Insurance - Other than Health
Narrow Subject(s):Beneficiaries -see also- Estates and Trusts
Communications -see also- Electronic Comm; Language; Telecom
Fraud -see also- Forgery
Insurance Administration
Insurance -see also- Health Ins; MAIF; Motor Vehicle Ins
Minors -see also- Age of Majority; Youth
Records -see also- Land Records; Vital Records
Statutes:Article - Insurance

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Explanation of Floor Motions and Actions

May 11, 2018 4:16 P.M.