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2008 House Bill 6494: Authorize "limited death benefit" life insurance
Introduced by Rep. Ed Clemente D- on September 24, 2008
To remove a prohibition on "limited death benefit" life insurance, defined as a policy in which the sum payable upon the insured's death is less than the amount necessary to cover the initial contract price of cemetery and funeral goods and services, but provides a minimum benefit at least equal to the total premiums paid plus interest during two year period which would be the maximum for such a policy.   Official Text and Analysis.
Referred to the House Insurance Committee on September 24, 2008