Official record
Measure details
- Jurisdiction
- Delaware
- Session
- 153
- Chamber
- lower
- Classification
- bill
- Subjects
- Not supplied
- Introduced / first action
- 2026-03-05 00:00:00
Alternate titles
- Life Insurance Policy/Suicide/Update Provision short title
Source-supplied abstracts
Current Delaware law provides that a life insurance policy may contain a provision excluding or restricting coverage in the event of death by suicide within 2 years from the date of issue of the policy. This Act reduces the time period to 1 year from the date of issue of the policy. It applies to a policy that is issued after the effective date of the Act. This Act also requires that in the event any death benefit is denied because the insured dies as a result of suicide within 1 year from the date of issue of the policy, the insurer must refund all premiums paid for coverage providing the denied death benefit on the insured. This Act is effective 6 months after its enactment into law.
Sponsors
- Eric Morrison (primary), primary
- Spiros Mantzavinos (primary), primary
- Marie Pinkney (primary), primary
- Larry Lambert, cosponsor
- Frank Burns, cosponsor
- Jeff Hilovsky, cosponsor
- Alonna Berry, cosponsor
- Ray Seigfried, cosponsor