WeVote
Log In

Bill

Bill

H 265

LIFE INSURANCE – Amends existing law to provide that certain policy owners may request additional notice of lapse or termination by certified mail.

68th Legislature, 1st Regular Session (2025)

House Bill 265 aimed to ensure life insurance policy owners receive certified mail notifications about lapses for policies over $50,000, enhancing communication and security.

Rules Suspended: Ayes 67 Nays 0 Abs/Excd 3, read in full as required – FAILED - 28-42-0AYES – Achilles, Berch, Church, Clow, Cornilles, Crane(12), Crane(13), Egbert, Ehlers, Galaviz, Gannon, Green, Handy, Harris, Healey, Hill, Horman, Mathias, Miller, Palmer, Pickett, Pohanka, Raymond, Redman, Rubel, Sauter, Wheeler, Mr. SpeakerNAYS – Alfieri, Andrus, Barbieri, Beiswenger, Boyle, Bruce, Burgoyne, Cannon, Cayler, Cheatum, Dygert, Ehardt, Erickson, Fuhriman, Furniss, Garner, Hawkins, Holtzclaw, Hostetler, Leavitt, Manwaring, Marmon, McCann, Mendive, Mickelsen, Mitchell, Monks, Nelsen, Petzke, Price, Rasor, Raybould, Scott, Shepherd, Shirts, Skaug, Tanner(13), Tanner(14), Thompson, Vander Woude, Weber, WisniewskiAbsent – NoneFloor Sponsor - ClowFiled in Office of the Chief Clerk
#death #insurance #notices
0
WeVote Research Nonpartisan
Bill Summary · H 265

Summary of House Bill 265 (H 265)

Bill Overview

Title: LIFE INSURANCE – Amends existing law to provide that certain policy owners may request additional notice of lapse or termination by certified mail.
Introduced: February 18, 2025
Status: Failed (28 Ayes, 42 Nays, 0 Absent)
Floor Sponsor: Representative Lance W. Clow

Purpose and Intent

House Bill 265 aims to amend Idaho's existing life insurance laws to enhance notification requirements for policy owners regarding the lapse or termination of their life insurance policies. The bill specifically allows policy owners of certain life insurance policies to request that notifications of lapse or termination be sent via certified mail, ensuring they receive timely and verifiable communication from their insurers.

Key Provisions

  • Policy Coverage: The new requirements apply only to individual life insurance policies with a face value greater than $50,000.
  • Notification Process:
    • Policy owners can request certified mail notifications of lapse or termination at least 90 days prior to the potential lapse.
    • Insurers must send the certified notice at least 10 days before the lapse or termination date.
    • The certified mail must be sent to both the policy owner and any designated recipient.
  • Exclusions: The bill does not apply to policies with premiums payable on a monthly basis or more frequently.
  • Annual Notification: Insurers are required to inform policy owners annually about their right to designate a recipient for lapse or termination notices.

Impact

  • Policy Owners: The bill is designed to provide additional security and assurance to policy owners, particularly those with higher-value policies, by ensuring they receive critical notifications in a reliable manner.
  • Insurance Companies: While the bill does not impose new costs on state or local governments, it may result in additional administrative responsibilities for insurance companies to process certified mail requests. Many major insurers already comply with similar requirements in other states.

Procedural Aspects

  • The bill was introduced and read for the first time on February 18, 2025.
  • It passed through committee with a "Do Pass" recommendation and was read a second time on March 3, 2025.
  • The rules were suspended for further consideration, but ultimately the bill failed to pass with a vote of 28-42.

Conclusion

House Bill 265 sought to enhance the notification process for life insurance policy lapses, providing policy owners with more control and assurance regarding their coverage. Despite its intent to improve communication between insurers and policyholders, the bill did not advance through the legislative process.

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.