Life insurance policies; delivery method. (SB1480)

Introduced By

Sen. Frank Ruff (R-Clarksville)

Progress

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

Description

Life insurance policies; delivery method. Establishes permissible methods for delivery of a life insurance policy by the insurer to the owner of the policy in order to start the period running during which the owner may exercise a right to examine, surrender, or return a policy for cancellation. Permitted forms of delivery include registered or certified mail; personal delivery, with a signed, written receipt of delivery; first-class mail, with a signed, written receipt of delivery; or other reasonable means, as determined by the Commissioner. If a dispute arises regarding delivery of a policy, the burden of proof shall be on the insurer to establish that the policy was delivered if delivery was not made by one of such manners. In any event, a policy shall be deemed to have been received six months after the date of issuance if the insured has paid premiums pursuant to the contract. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/21/2009Presented and ordered printed 090136320
01/21/2009Referred to Committee on Commerce and Labor
02/02/2009Impact statement from SCC (SB1480)
02/09/2009Reported from Commerce and Labor with substitute (15-Y 0-N) (see vote tally)
02/09/2009Committee substitute printed 090200320-S1
02/10/2009Engrossed by Senate - committee substitute SBS1480S1
02/10/2009Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/10/2009Read second time
02/10/2009Reading of substitute waived
02/10/2009Committee substitute agreed to 090200320-S1
02/10/2009Engrossed by Senate - committee substitute SB1480S1
02/10/2009Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/10/2009Passed Senate (39-Y 0-N) (see vote tally)
02/10/2009Reconsideration of passage agreed to by Senate (40-Y 0-N) (see vote tally)
02/10/2009Passed Senate (40-Y 0-N) (see vote tally)
02/12/2009Impact statement from SCC (SB1480S1)
02/13/2009Placed on Calendar
02/13/2009Read first time
02/13/2009Referred to Committee on Commerce and Labor
02/19/2009Reported from Commerce and Labor (22-Y 0-N) (see vote tally)
02/23/2009Read second time
02/24/2009Read third time
02/24/2009Passed House BLOCK VOTE (99-Y 0-N)
02/24/2009VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (see vote tally)
03/04/2009Enrolled
03/04/2009Bill text as passed Senate and House (SB1480ER)
03/04/2009Signed by President
03/05/2009Impact statement from SCC (SB1480ER)
03/06/2009Signed by Speaker
03/27/2009G Approved by Governor-Chapter 299 (effective 7/1/09)
03/27/2009G Acts of Assembly Chapter text (CHAP0299)