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| 4 | 4 | | |
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| 5 | 5 | | 2025 -- S 0465 |
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| 6 | 6 | | ======== |
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| 7 | 7 | | LC000289 |
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| 8 | 8 | | ======== |
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| 9 | 9 | | S T A T E O F R H O D E I S L A N D |
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| 10 | 10 | | IN GENERAL ASSEMBLY |
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| 11 | 11 | | JANUARY SESSION, A.D. 2025 |
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| 12 | 12 | | ____________ |
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| 13 | 13 | | |
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| 14 | 14 | | A N A C T |
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| 15 | 15 | | RELATING TO INSURANCE -- LIFE INSURANCE POLICIES AND RESERVES |
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| 16 | 16 | | Introduced By: Senators Bell, Mack, Kallman, Burke, Euer, Quezada, Valverde, Acosta, |
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| 17 | 17 | | Ujifusa, and Raptakis |
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| 18 | 18 | | Date Introduced: February 26, 2025 |
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| 19 | 19 | | Referred To: Senate Health & Human Services |
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| 20 | 20 | | |
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| 21 | 21 | | |
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| 22 | 22 | | It is enacted by the General Assembly as follows: |
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| 23 | 23 | | SECTION 1. Chapter 27-4 of the General Laws entitled "Life Insurance Policies and 1 |
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| 24 | 24 | | Reserves" is hereby amended by adding thereto the following section: 2 |
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| 25 | 25 | | 27-4-28.1. Prohibition on preexisting condition exclusion in obtaining life insurance. 3 |
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| 26 | 26 | | (a) A life insurance policy offered, issued, issued for delivery, or issued to cover a resident 4 |
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| 27 | 27 | | of this state by a life insurance company licensed pursuant to this title and/or chapter shall not limit 5 |
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| 28 | 28 | | or exclude coverage for any individual because of a previous denial for coverage or due to 6 |
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| 29 | 29 | | preexisting medical conditions of that individual. 7 |
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| 30 | 30 | | (b) As used in this section, “preexisting condition exclusion” means any limitation or 8 |
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| 31 | 31 | | exclusion of benefits, including a denial of coverage, applicable to an individual as a result of 9 |
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| 32 | 32 | | information relating to an individual’s health status before the individual’s effective date of 10 |
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| 33 | 33 | | coverage, or if the coverage is denied, the date of denial, under the terms of the life insurance 11 |
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| 34 | 34 | | policy, such as a condition (whether physical or mental) identified as a result of a pre-enrollment 12 |
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| 35 | 35 | | questionnaire or physical examination given to the individual, or review of medical records relating 13 |
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| 36 | 36 | | to the pre-enrollment period. 14 |
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| 37 | 37 | | (c) Any preexisting condition exclusion language included in a life insurance application, 15 |
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| 38 | 38 | | binder or life insurance policy issued to or covering a resident of this state is void and 16 |
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| 39 | 39 | | unenforceable. 17 |
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| 40 | 40 | | |
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| 41 | 41 | | |
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| 42 | 42 | | LC000289 - Page 2 of 3 |
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| 43 | 43 | | SECTION 2. This act shall take effect upon passage. 1 |
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| 44 | 44 | | ======== |
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| 45 | 45 | | LC000289 |
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| 46 | 46 | | ======== |
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| 47 | 47 | | |
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| 48 | 48 | | |
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| 49 | 49 | | LC000289 - Page 3 of 3 |
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| 50 | 50 | | EXPLANATION |
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| 51 | 51 | | BY THE LEGISLATIVE COUNCIL |
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| 52 | 52 | | OF |
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| 53 | 53 | | A N A C T |
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| 54 | 54 | | RELATING TO INSURANCE -- LIFE INSURANCE POLICIES AND RESERVES |
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| 55 | 55 | | *** |
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| 56 | 56 | | This act would prohibit a person from being denied life insurance for preexisting conditions 1 |
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| 57 | 57 | | or previous denials. 2 |
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| 58 | 58 | | This act would take effect upon passage. 3 |
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| 59 | 59 | | ======== |
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| 60 | 60 | | LC000289 |
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| 61 | 61 | | ======== |
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| 62 | 62 | | |
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