BILL · 2013–14 SESSION
SB 5976: Life insurance owner notices
Addressing the notice given to owners of life insurance policies about alternative transactions.
Summary
- Term life insurance policies are exempt from the notification requirements under the Act, except when in the process of converting into a policy other than a term life policy. Term life insurance is defined as life insurance that provides a death benefit only if the insured dies during the period specified in the policy and coverage ceases without value if the insured survives until the end of such period.
From the Senate Bill Report (SB 5976), written by the Legislature's nonpartisan staff. Read the full report ↗
Did not pass Did not pass · stalled on the Senate floor
- IntroducedJan 13, 2014
- Out of committeeJan 24, 2014
- Passed Senatestopped here
- Passed House
- Governor
- Law
- Prime sponsor
- Joe Fain (R-47)
- Introduced
- January 13, 2014 in the Senate
- Last action
- March 3, 2014
- Companion bill
- HB 2134
AN ACT Relating to notice given to owners of life insurance policies about alternative transactions;
Sponsors
Votes
No recorded floor votes.
History
- Senate Rules "X" file.
- Passed to Rules Committee for second reading.
- Minority; do not pass.
- FIHI - Majority; do pass.
- First reading, referred to Financial Institutions, Housing & Insurance.
- Prefiled for introduction.
SB 5976 in other sessions
Bill numbers restart every two years, so the same number is a different bill in each session.
- SB 5976 (2025–26) Commercial electronic mail
- SB 5976 (2023–24) Dogs at large
- SB 5976 (2021–22) Substance use intervention
- SB 5976 (2019–20) Dentistry access/disability
- SB 5976 (2017–18) Indiv provider wages & hours
- SB 5976 (2015–16) School employee insurance
- SB 5976 (2011–12) Workforce training/aerospace
- SB 5976 (2009–10) Tire replacement fees