HB487: Life insurance; notarized signature.

HOUSE BILL NO. 487

Offered January 8, 2020
Prefiled January 3, 2020
A BILL to amend the Code of Virginia by adding a section numbered § 38.2-3301.2, relating to life insurance; notarized signature of insured.
Patron-- Marshall (By Request)
Committee Referral Pending

Be it enacted by the General Assembly of Virginia:

1. That the Code of Virginia is amended by adding a section numbered 38.2-3301.2 as follows:

§ 38.2-3301.2. Notarized signature of insured required.

No individual life insurance policy delivered or issued for delivery in the Commonwealth on or after January 1, 2021, shall be effective unless the policy contains the notarized signature of the individual on whose life the policy is issued.