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Search 2008 Bills:

HB2001: Life insurance; clarifies provisions addressing when a trustee has an insurable interest therein.

Chief Patron

Del. Terry Kilgore (R-1)

Terry Kilgore (R-1)
Gate City, VA
Served: 1994–

Progress

Yes Introduced
Passed Committee
Yes Passed House
Yes Passed Senate
Yes Signed by Governor
Yes Became Law

Status

03/09/2007: signed by governor

View Entire History

Summary

Life insurance; insurable interest requirement.  Clarifies that the provisions addressing when a trustee has an insurable interest in a life insurance policy are to be applied retroactively to policies acquired before the July 1, 2005, effective date of the legislation that enacted the provisions.

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