as introduced - 90th Legislature (2017 - 2018) Posted on 03/09/2017 09:13am
A bill for an act
relating to life insurance; limitation on payments to beneficiaries of persons
furthering terrorism; amending Minnesota Statutes 2016, section 61A.09, by adding
a subdivision.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2016, section 61A.09, is amended by adding a subdivision
to read:
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(a) For purposes
of this subdivision, "further terrorism" has the meaning given in section 609.714.
new text end
new text begin
(b) Notwithstanding section 61A.03, subdivision 1, paragraph (c), a policy of group life
insurance issued for delivery in this state may limit payment to a beneficiary to the amount
of premiums that have been paid to the insurer under the policy if the insured's death occurs
directly or indirectly as a result of the insured's furtherance of terrorism.
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