BILL · 1991–92 SESSION · LATEST VERSION SHB 1972

HB 1972: Insur policy surrender chrge

Allowing surrender charges and forfeiture charges when issuing an insurance policy.

Summary

  • Notwithstanding state law prohibiting the collection of any sum as premium unless used to provide insurance, insurance companies may issue life insurance policies and annuity contracts which provide for surrender charges, forfeiture charges, or similar charges provided such charges comply with insurance code provisions governing life insurance and annuities.

From the House Bill Report (HB 1972), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · stalled on the House floor
  1. IntroducedFeb 18, 1991
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Paul Zellinsky (D-23)
Introduced
February 18, 1991 in the House
Last action
January 13, 1992
Versions
HB 1972, SHB 1972

Sponsors

Votes

No recorded floor votes.

History

The Legislature's online data doesn't include step-by-step history for sessions before 2001. Its final status is shown above, and the official bill page may have more.

HB 1972 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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