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Legislation


2004 Regular Session

SENATE BILL 641

File Code: Insurance - Other than Health Crossfiled with: HOUSE BILL 1109
Sponsored By:
Senator Astle
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

Senate Action
2/6
First Reading Finance
2/25
Hearing 3/10 at 1:00 p.m.
3/26
Unfavorable Report by Finance
House 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
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