SB 0960 Life Ins. Policy May Restrict Liab. For Suicide For 2 Years
LR Number:S3574.01I Fiscal Note:3574-01
Committee:Insurance and Housing
Last Action:03/20/96 - Hearing Conducted S Insurance & Housing Committee
Effective Date:August 28, 1996
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Current Bill Summary

SB 960 - This act allows life insurers to exclude liability if the insured commits suicide within 2 years of the date of issuance of the policy. The insurer is required to refund all premiums paid on the policy.