DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part of
the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute part of
the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
Thibaut HB No. 286
Abstract: Requires prior notice of conversion option in individual life insurance policies.
Present law lists standard provisions to be contained in individual life insurance policies.
Proposed law adds a provision requiring that the insurer notify the policyholder of his option to
convert his policy from term life insurance to permanent life insurance at least 31 days prior to
the expiration of the conversion option, if such an option is applicable. Such notice shall be a
separate notice or contained in either a premium notice or an annual premium summary.
(Adds R.S. 22:931(A)(12))