An Act relative to modernization of insurance laws
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill, H.1084, seeks to clarify and modernize laws surrounding the designation of beneficiaries for life insurance policies. It addresses potential issues and inconsistencies in how beneficiaries are identified and named on these policies. The bill was referred to the House Committee on Financial Services and subsequently underwent committee review and scheduling for a hearing. It is accompanied by several related bills.
Key provisions
- Addresses beneficiary designation for life insurance policies.
- Aims to clarify existing laws related to beneficiary identification.
- Scheduled for a hearing on May 13, 2025.
- Accompanied by several related bills (H1085, H1100, etc.)
Who is affected
- Life insurance policyholders
- Beneficiaries of life insurance policies
- Insurance companies
Notable changes
- No specific changes to current law are explicitly stated in the bill text.
- The bill focuses on clarifying existing processes rather than introducing new regulations.
Bill text
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Text extraction is in progress. View the official source.
Sponsors
Official sponsors from legislative records.
2 on record
Primary sponsor
Cosponsor
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