MA H1037

Bill

Relative to modernization of insurance laws

Introduced
03/29/2021

In Committee
03/29/2022

Crossed Over

Passed

Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

Relative to the designation of beneficiaries for life insurance policies. Financial Services.

AI Summary

This bill amends the existing law to require life insurance companies to verify the identity of the person requesting a change in the designated beneficiary of a life insurance policy. The verification may include a disinterested witness to the signature or other proof acceptable to the insurance company. After accepting the change, the insurance company must provide written notice of the change to the policy owner at their last known address.

Committee Categories

Business and Industry

Sponsors (1)

Bruce Ayers (D)*,

Last Action

No further action taken (on 01/03/2023)

Official Document

https://malegislature.gov/Bills/192/H1037

(4 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/192/H1037
Bill	https://malegislature.gov/Bills/192/H1037.pdf

Bill	Bill Name	Last Action	Type
H1090	To improve child and adolescent mental health services	Accompanied a study order, see H5222	Similar To
H2793	Relative to the advisory board to the Massachusetts Bay Transportation Authority	Accompanied a new draft, see H4495	Similar To
H3449	Relative to beneficiary designation on motor vehicle registration	No further action taken	Similar To
H4495	Relative to the advisory board to the Massachusetts Bay Transportation Authority	Accompanied a study order, see H5222	Similar To

Bill > H1037

MA H1037

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (1)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary