SB 275 Provides that life insurance providers may exclude coverage for suicides occurring within one year of issuance of the coverage
Sponsor: Wieland
LR Number: 0425S.02I Fiscal Notes
Committee: Insurance and Banking
Last Action: 2/21/2017 - Removed S Consent Calendar Journal Page: S323
Title: Calendar Position:
Effective Date: August 28, 2017

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Current Bill Summary

SB 275 - This act provides that life insurance providers may include suicide exclusion clauses in riders, endorsements and amendments to exclude death benefits for suicides occurring within the one year period following the issuance of such rider, endorsement, or amendment.

This act is substantially similar to provisions in HCB 10 (2017), HCS/SCS/SB 334 (2017), HB 341 (2017), and HB 336 (2017).