Introduced
by
To repeal mandatory inflation-adjustments required by the insurance code for death benefits in life insurance policies or annuity contracts, which under current law must be “sufficient to cover the initial contract price of the cemetery goods or services or funeral goods or services.” However, the bill would also increase the current limits on the value of the benefits.
Referred to the Committee on Rules and Competitveness
Reported without amendment
With the recommendation that the substitute (H-2) be adopted and that the bill then pass.
Passed in the House 97 to 9 (details)
To repeal mandatory inflation-adjustments required by the insurance code for death benefits in life insurance policies or annuity contracts, which under current law must be “sufficient to cover the initial contract price of the cemetery goods or services or funeral goods or services”.
Referred to the Committee on Regulatory Reform
Passed in the Senate 30 to 1 (details)
