SB 707 Makes it an unfair trade practice for a life insurance company to deny, refuse to renew, or cancel a life insurance policy based upon the insured's past or future lawful travel destinations
Sponsor: Gibbons
LR Number: 2586S.01I Fiscal Note: 2586-01
Committee: Small Business, Insurance & Industrial Relations
Last Action: 4/3/2007 - SCS Voted Do Pass S Small Business, Insurance & Industrial Relations Committee (2586S.02C) Journal Page:
Title: Calendar Position:
Effective Date: August 28, 2007

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Current Bill Summary


SCS/SB 707 - Under this act, no life insurance company shall deny or refuse to accept an application for life insurance, refuse to renew, cancel, restrict, or otherwise terminate a policy of life insurance, or charge a different rate for the same life insurance coverage, based upon the applicant's or insured’s past or future lawful travel destinations. Nothing in this section shall prohibit a life insurance company from denying an application for life insurance, or charging a different premium or rate for such coverage under such policy based on a specific travel destination where the denial or rate differential is based upon sound actuarial principles or is related to actual or reasonably anticipated experience. Under the act, a violation constitutes an unfair trade practice.

STEPHEN WITTE