H1084
An Act relative to modernization of insurance laws
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- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill, An Act relative to modernization of insurance laws, focuses on simplifying the process of designating beneficiaries for life insurance policies. Currently, the process can be complex and confusing for policyholders. This legislation aims to make it easier for individuals to clearly and accurately specify who should receive their life insurance benefits. The bill was referred to the House Committee on Financial Services and subsequently reported favorably.
Sponsors
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Primary sponsor
Bruce J. Ayers
Cosponsor
Bruce J. Ayers
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