IN SB0220 | 2014 | Regular Session
Status
Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on March 25 2014 - 100% progression
Action: 2014-03-25 - Signed by the Governor
Text: Latest bill text (Enrolled) [PDF]
Spectrum: Bipartisan Bill
Status: Passed on March 25 2014 - 100% progression
Action: 2014-03-25 - Signed by the Governor
Text: Latest bill text (Enrolled) [PDF]
Summary
Requires an insurer to perform periodic comparison of certain in-force life insurance policies, annuities, and retained asset accounts against a death master file. Requires an insurer to confirm the possible death of an insured, annuitant, or account owner and determine the benefits due. Provides that if the person to whom the benefits are due is not found, the benefits escheat to the state under the unclaimed property law. Makes an insurer's noncompliance an unfair or deceptive act or practice in the business of insurance.
Title
Unclaimed life insurance benefits.
Sponsors
Sen. Travis Holdman [R] | Sen. Greg Walker [R] | Sen. Frank Mrvan [D] | Sen. Lonnie Randolph [D] |
Rep. Martin Carbaugh [R] |
Roll Calls
2014-03-05 - Senate - Senate - Motion to Concur in House Amendments (Y: 48 N: 1 NV: 0 Abs: 1) [PASS]
2014-02-27 - House - House Floor - (Y: 94 N: 0 NV: 1 Abs: 5) [PASS]
2014-02-19 - House - House Committee on Insurance - Roll Call 022003 (Y: 9 N: 2 NV: 0 Abs: 2) [PASS]
2014-01-24 - Senate - (Y: 45 N: 0 NV: 0 Abs: 5) [PASS]
2014-01-16 - Senate - Senate Committee on Insurance - Roll Call 022001 (Y: 8 N: 0 NV: 0 Abs: 0) [PASS]
2014-02-27 - House - House Floor - (Y: 94 N: 0 NV: 1 Abs: 5) [PASS]
2014-02-19 - House - House Committee on Insurance - Roll Call 022003 (Y: 9 N: 2 NV: 0 Abs: 2) [PASS]
2014-01-24 - Senate - (Y: 45 N: 0 NV: 0 Abs: 5) [PASS]
2014-01-16 - Senate - Senate Committee on Insurance - Roll Call 022001 (Y: 8 N: 0 NV: 0 Abs: 0) [PASS]
History
Date | Chamber | Action |
---|---|---|
2014-03-25 | Senate | Signed by the Governor |
2014-03-25 | Senate | Public Law 90 |
2014-03-18 | Senate | Signed by the President of the Senate |
2014-03-13 | House | Signed by the Speaker |
2014-03-12 | Senate | Signed by the President Pro Tempore |
2014-03-05 | Senate | Motion to Concur in House Amendments: prevailed; Roll Call 357: yeas 48 and nays 1 |
2014-02-27 | House | Returned to the Senate with amendments |
2014-02-27 | House | Third reading: Passed: Roll Call 335: yeas 94 and nays 0 |
2014-02-26 | House | Second reading: amended, ordered engrossed. |
2014-02-26 | House | SB 220 Amendment #2 (Lehman), prevailed. |
2014-02-20 | House | Committee report: amend do pass, adopted. |
2014-02-10 | House | First Reading: Referred to Insurance |
2014-01-24 | Senate | Representative Carbaugh added as cosponsor. |
2014-01-24 | Senate | Representative Lehman added as sponsor. |
2014-01-24 | Senate | Referred to the House |
2014-01-24 | Senate | Third reading: Passed: Roll Call 43: yeas 45 and nays 0 |
2014-01-23 | Senate | Senator Randolph added as coauthor. |
2014-01-23 | Senate | Senator Mrvan added as coauthor. |
2014-01-23 | Senate | Second reading: amended, ordered engrossed |
2014-01-23 | Senate | Amendment #1 (Holdman), prevailed. |
2014-01-16 | Senate | Senator Walker added as second author. |
2014-01-16 | Senate | Committee report: amend do pass, adopted. |
2014-01-09 | Senate | First Reading: Referred to Insurance |
2014-01-09 | Senate | Authored by Senator Holdman |