HOUSE BILL 1109

File Code: Insurance - Other than Health Crossfiled with: SENATE BILL 641

Sponsored By:

Delegate Hammen

Entitled:

Life Insurance - Insurable Interests

Synopsis:

Authorizing an organization to which charitable contributions may be made under specified provisions of federal law, and a trust, partnership, corporation, limited liability company, or similar entity approved in writing by the organization, to procure or cause to be procured an insurance policy on the life of an individual under specified circumstances; providing that specified institutions, organizations, and entities have an insurable interest in the life of the insured; etc.

History by Legislative Date

House Action

2/13

First Reading Health and Government Operations

2/18

Hearing 3/9 at 1:00 p.m.

4/12

Referred to interim study by Health and Government Operations

Senate Action

No Action

Bill indexed under the following Subjects:

CORPORATIONS -see also- MUNICIPAL CORPORATIONS

ESTATES AND TRUSTS

INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS

LIMITED LIABILITY COMPANIES

NONPROFIT ORGANIZATIONS

PARTNERSHIPS

SIGNATURES

Bill affects the following Statute:

Insurance

( 12-201 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered