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3 | - | LCO 5471 \\PRDFS1\HCOUSERS\BARRYJN\WS\2019HB-05517-R02- | |
4 | - | HB.docx | |
5 | - | 1 of 1 | |
3 | + | ||
4 | + | LCO No. 5471 1 of 2 | |
6 | 5 | ||
7 | 6 | General Assembly Committee Bill No. 5517 | |
8 | 7 | January Session, 2019 | |
9 | 8 | LCO No. 5471 | |
10 | 9 | ||
11 | 10 | ||
12 | 11 | Referred to Committee on INSURANCE AND REAL ESTATE | |
13 | 12 | ||
14 | 13 | ||
15 | 14 | Introduced by: | |
16 | 15 | (INS) | |
17 | 16 | ||
18 | 17 | ||
19 | 18 | ||
20 | 19 | AN ACT CONCERNING LI FE INSURANCE POLICIES AND | |
21 | 20 | CONTRACTS THAT INSUR E THE LIVES OF CONVICTED FELONS. | |
22 | 21 | Be it enacted by the Senate and House of Representatives in General | |
23 | 22 | Assembly convened: | |
24 | 23 | ||
25 | 24 | Section 1. (NEW) (Effective October 1, 2019) No life insurance 1 | |
26 | 25 | company doing business in this state shall refuse to deliver or issue for 2 | |
27 | 26 | delivery a life insurance policy or contract solely on the basis that such 3 | |
28 | 27 | policy or contract insures, or will insure, the life of an individual who 4 | |
29 | 28 | has been convicted of a felony. 5 | |
30 | 29 | This act shall take effect as follows and shall amend the following | |
31 | 30 | sections: | |
32 | 31 | ||
33 | 32 | Section 1 October 1, 2019 New section | |
34 | 33 | ||
35 | - | INS Joint Favorable | |
34 | + | Statement of Purpose: | |
35 | + | To prohibit life insurance companies doing business in this state from | |
36 | + | refusing to deliver or issue a life insurance policy or contract solely on | |
37 | + | the basis that such policy or contract insures, or will insure, the life of | |
38 | + | an individual who has been convicted of a felony. | |
39 | + | [Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, | |
40 | + | except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is | |
41 | + | not underlined.] | |
42 | + | Committee Bill No. 5517 | |
43 | + | ||
44 | + | ||
45 | + | LCO No. 5471 2 of 2 | |
46 | + | ||
47 | + | ||
48 | + | Co-Sponsors: REP. MCGEE, 5th Dist.; REP. ELLIOTT, 88th Dist. | |
49 | + | ||
50 | + | H.B. 5517 | |
51 | + | ||
36 | 52 |