Legislation Quick Search
12/08/2021 03:11 AM
Pennsylvania House of Representatives
https://www.legis.state.pa.us/cfdocs/Legis/CSM/showMemoPublic.cfm?chamber=H&SPick=20170&cosponId=24536
Share:
Home / House Co-Sponsorship Memoranda

House Co-Sponsorship Memoranda

Subscribe to PaLegis Notifications
NEW!

Subscribe to receive notifications of new Co-Sponsorship Memos circulated

By Member | By Date | Keyword Search


House of Representatives
Session of 2017 - 2018 Regular Session

MEMORANDUM

Posted: September 12, 2017 11:58 AM
From: Representative Aaron Bernstine
To: All House members
Subject: Co-sponsor Memo – Limitation on Life Insurance Benefits due to Furtherance of Terrorism
 
In the near future, I plan to introduce legislation to allow insurance companies to limit payouts on life insurance policies purchased by individuals who died while carrying out acts of terrorism.

My legislation would limit payments to beneficiaries named on life insurance policies to only the amount of premium the insured paid to the insurer if the insured’s death was a result of the insured’s furtherance of terrorism. Additionally, victims of the insured’s furtherance of terrorism shall receive proportional proceeds from the insured’s life insurance policy in coordination with the Pennsylvania Victims Compensation Assistance Program.

I hope you will join me in co-sponsoring this important piece of legislation.



Introduced as HB1996