IN SB0220 | 2014 | Regular Session

Status

Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on March 25 2014 - 100% progression
Action: 2014-03-25 - Signed by the Governor
Text: Latest bill text (Enrolled) [PDF]

Summary

Requires an insurer to perform periodic comparison of certain in-force life insurance policies, annuities, and retained asset accounts against a death master file. Requires an insurer to confirm the possible death of an insured, annuitant, or account owner and determine the benefits due. Provides that if the person to whom the benefits are due is not found, the benefits escheat to the state under the unclaimed property law. Makes an insurer's noncompliance an unfair or deceptive act or practice in the business of insurance.

Tracking Information

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Title

Unclaimed life insurance benefits.

Sponsors


Roll Calls

2014-03-05 - Senate - Senate - Motion to Concur in House Amendments (Y: 48 N: 1 NV: 0 Abs: 1) [PASS]
2014-02-27 - House - House Floor - (Y: 94 N: 0 NV: 1 Abs: 5) [PASS]
2014-02-19 - House - House Committee on Insurance - Roll Call 022003 (Y: 9 N: 2 NV: 0 Abs: 2) [PASS]
2014-01-24 - Senate - (Y: 45 N: 0 NV: 0 Abs: 5) [PASS]
2014-01-16 - Senate - Senate Committee on Insurance - Roll Call 022001 (Y: 8 N: 0 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2014-03-25SenateSigned by the Governor
2014-03-25SenatePublic Law 90
2014-03-18SenateSigned by the President of the Senate
2014-03-13HouseSigned by the Speaker
2014-03-12SenateSigned by the President Pro Tempore
2014-03-05SenateMotion to Concur in House Amendments: prevailed; Roll Call 357: yeas 48 and nays 1
2014-02-27HouseReturned to the Senate with amendments
2014-02-27HouseThird reading: Passed: Roll Call 335: yeas 94 and nays 0
2014-02-26HouseSecond reading: amended, ordered engrossed.
2014-02-26HouseSB 220 Amendment #2 (Lehman), prevailed.
2014-02-20HouseCommittee report: amend do pass, adopted.
2014-02-10HouseFirst Reading: Referred to Insurance
2014-01-24SenateRepresentative Carbaugh added as cosponsor.
2014-01-24SenateRepresentative Lehman added as sponsor.
2014-01-24SenateReferred to the House
2014-01-24SenateThird reading: Passed: Roll Call 43: yeas 45 and nays 0
2014-01-23SenateSenator Randolph added as coauthor.
2014-01-23SenateSenator Mrvan added as coauthor.
2014-01-23SenateSecond reading: amended, ordered engrossed
2014-01-23SenateAmendment #1 (Holdman), prevailed.
2014-01-16SenateSenator Walker added as second author.
2014-01-16SenateCommittee report: amend do pass, adopted.
2014-01-09SenateFirst Reading: Referred to Insurance
2014-01-09SenateAuthored by Senator Holdman

Indiana State Sources

TypeSource
Summaryhttps://iga.in.gov/legislative/2014/bills/senate/220/details
Texthttp://iga.in.gov/static-documents/a/3/9/c/a39c199a/SB0220.01.INTR.pdf
Texthttp://iga.in.gov/static-documents/6/f/e/1/6fe1118f/SB0220.02.COMS.pdf
Texthttp://iga.in.gov/static-documents/b/9/6/a/b96a7ddc/SB0220.01.INTR.pdf
Texthttp://iga.in.gov/static-documents/1/1/c/0/11c0a83d/SB0220.03.ENGS.pdf
Texthttp://iga.in.gov/static-documents/9/0/d/1/90d13386/SB0220.02.COMS.pdf
Texthttp://iga.in.gov/static-documents/c/0/7/1/c0716b6f/SB0220.03.ENGS.pdf
Texthttp://iga.in.gov/static-documents/7/4/2/3/7423bf64/SB0220.04.COMH.pdf
Texthttp://iga.in.gov/static-documents/f/9/2/5/f925a4d1/SB0220.04.COMH.pdf
Texthttp://iga.in.gov/static-documents/d/3/4/2/d342fe87/SB0220.05.ENGH.pdf
Texthttp://iga.in.gov/static-documents/4/b/8/f/4b8fc2f8/SB0220.05.ENGH.pdf
Texthttp://iga.in.gov/static-documents/8/e/6/6/8e66b690/SB0220.06.ENRS.pdf
Roll Callhttp://iga.in.gov/static-documents/d/5/2/3/d5238845/SB0220.02.COMS.43.pdf
Roll Callhttp://iga.in.gov/static-documents/3/1/4/0/3140ba3b/SB0220.01.INTR.pdf
Roll Callhttp://iga.in.gov/static-documents/c/a/3/0/ca301d40/SB0220.03.ENGS.pdf
Roll Callhttp://iga.in.gov/static-documents/9/5/b/5/95b5069c/SB0220.05.ENGH.335.pdf
Roll Callhttp://iga.in.gov/static-documents/2/5/c/d/25cd40e7/SB0220.05.ENGH.357.pdf

Bill Comments

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