| HB 1090 (Truly Agreed) | Allows property insurance for real estate transferred by beneficiary deed to automatically continue with the grantee |
HCS/HB 1090 - Under current law, a person may receive
real property via a transfer on death clause in the deed.
This act makes the recipient automatically insured under the
property insurance policy in effect at the time of the
original owner's death. Coverage will last for 30 days or
until the existing policy period ends, whichever occurs first.
STEPHEN WITTE