Legislation
- Title
- Life Insurance - Life of a Minor - Underwriting Standards and Procedures
- Sponsored by
- 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
- Status
- Approved by the Governor - Chapter 430
- Analysis
- Fiscal and Policy Note (Revised)
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.
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Last Updated: 2/3/2020 2:29 PM