Governor Signs Quinn’s Life Insurance Database Bill
Legislation that will allow for faster disbursement of life insurance policies to better assist families of the deceased was signed by the governor on
"Too often, people find out about life insurance proceeds owed to them years after a loved one has passed, when the money has lapsed into the
Under House Bill 152, now Act 48 of 2018, the loved ones or a legal representative of a deceased individual will be able to query the
All companies with life insurance policies in
The legislation was also amended to include House Bill 2434, which will update the Annuity Suitability Law to be consistent with the most recent
The law will become effective 180 days after it is signed.
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