BILL · 1991–92 SESSION · LATEST VERSION SSB 6241

SB 6241: Nonprofit org life insurance

Allowing certain tax-exempt organizations to insure the life of a person.

Summary

  • The definition of a life insurance contract insurable interest is extended to certain qualifying nonprofit organizations. The Insurance Commissioner is granted rule-making authority to exempt 501 C-3 corporations existing less than five years.

From the Substitute Senate Bill Report (SSB 6241), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 51, Laws of 1992
  1. IntroducedJan 22, 1992
  2. Out of committee
  3. Passed SenateFeb 12, 1992
  4. Passed HouseMar 4, 1992
  5. Governor
  6. LawMar 26, 1992
Prime sponsor
Peter von Reichbauer (R-30)
Introduced
January 22, 1992 in the Senate
Last action
March 26, 1992
Session law
Chapter 51, Laws of 1992
Versions
SB 6241, SSB 6241

Sponsors

Prime sponsor: Peter von Reichbauer (R-30)

2 co-sponsors (1 Democrat, 1 Republican)

Votes

Senate · Final Passage

February 12, 1992
Version voted on: SSB 6241
46 Yea 0 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat23001
Republican23001
How each member voted

House · Final Passage

March 4, 1992
Version voted on: SSB 6241
95 Yea 0 Nay 1 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat57010
Republican38002
How each member voted

Yea (95)

Absent (1)

Excused (2)

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.

SB 6241 in other sessions

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

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