SB 838 Allows life insurance companies to exclude coverage for suicide deaths under certain circumstances
Sponsor: Loudon Co-Sponsor(s)
LR Number: 3662S.01I Fiscal Note: 3662-01
Committee: Small Business, Insurance & Industrial Relations
Last Action: 2/22/2006 - Removed S Consent Calendar Journal Page: S289
Title: Calendar Position:
Effective Date: August 28, 2006

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Current Bill Summary


SB 838 - This act allows life insurance companies to exclude coverage for suicide for one year after the issuance of the policy. If the life insurance policy excludes coverage for suicide during the first year, and the insured dies as a result of suicide within such period, the insurer must refund all premiums paid.

This act is similar to HB 1060 (1996).

STEPHEN WITTE