HF 1397

as introduced - 90th Legislature (2017 - 2018) Posted on 02/23/2017 04:01pm

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:

Section 1.

Minnesota Statutes 2016, section 61A.09, is amended by adding a subdivision
to read:

new text begin Subd. 5. new text end

new text begin Limitation on payment due to furtherance of terrorism. new text end

new text begin (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.
new text end