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House Bill 1379


 

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House Bill 1379

ARCHIVE (2008)

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DIGEST OF HB 1379 (Updated March 13, 2008 8:09 pm - DI 97)

Stranger originated life insurance. Defines "stranger originated life insurance". Prohibits: (1) an insurer from alleging stranger originated life insurance as a basis for denial of payment of life insurance policy proceeds; and (2) the promotion of the purchase of a life insurance policy in connection with stranger originated life insurance. Specifies that an insurer may seek to void a life insurance policy at any time for lack of insurable interest at the time the policy was issued.
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