Introduced
by
To establish that a trustee of a trust has an “insurable interest” in the life of an individual insured under a life insurance policy owned by the trustee acting in a fiduciary capacity for the trust, given certain conditions specified in the bill.
Referred to the Committee on Judiciary
Reported without amendment
With the recommendation that the bill pass.
Passed in the Senate 37 to 0 (details)
Referred to the Committee on Insurance
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Passed in the House 108 to 0 (details)
To establish that a trustee of a trust has an “insurable interest” in the life of an individual insured under a life insurance policy owned by the trustee acting in a fiduciary capacity for the trust, given certain conditions specified in the bill.
