2008 House Bill 6494

Authorize "limited death benefit" life insurance

Introduced in the House

Sept. 24, 2008

Introduced by Rep. Ed Clemente (D-14)

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.

Referred to the Committee on Insurance