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