Legislative Session number- 85

Bill Name: HF1892

HF 1892

FIRST ENGROSSMENT

Life insurance continuation coverage and accelerated
benefits regulated, mortality tables use authorized in calculating reserves for
certain life policies, and other life and auto insurance regulation
provided.

Section 1: Renewal of insurance policy with altered rates language
modified.

Section 2: Accelerated benefits language modified.

Section 3:
Application language added.

Section 4: Reserve valuation of life insurance and
endowment benefits; modified premiums language added.

Section 5: Preferred
mortality tables for use in determining minimum reserve liabilities language
provided.

Section 6: Applicability and scope language provided.

Section 7:
Definitions language provided.

Section 8: Policies to be illustrated language
provided.

Section 9: General rules and prohibitions language provided.

Section
10: Standards for basic illustrations language provided.

Section 11: Standards
for supplemental illustrations language provided.

Section 12: Delivery of
illustration and record retention language provided.

Section 13: Annual report;
notice to policy owners language provided.

Section 14: Annual certifications
language provided.

Section 15: Penalties language provided.

Section 16:
Minimum benefits of comprehensive health insurance plan language
modified.

Section 17: Inflation protection feature language added.

Section 18:
Authorization to nonrenew language provided.

Section 19: Contents language
provided.

Section 20: Staff adjuster language added.

Section 21: Repealer
provided.

Section 22: Effective date; application language provided.

JAJ
3/29/7