Bill
LB 232
Bill 4:Summary:- LB 232 creates new requirements related to life insurance policies:- Issuers must provide notice of lapse or termination to assignees of life insurance policies us
Bill 4:
Summary:
- LB 232 creates new requirements related to life insurance policies:
- Issuers must provide notice of lapse or termination to assignees of life insurance policies used as security for indebtedness.
- Senior citizens can designate a third party to receive notices of cancellation, nonrenewal, and conditional renewal for their life insurance policies.
- The bill aims to protect assignees and senior citizens by ensuring they receive important notifications about their life insurance policies.
Compiled from official sources — confirm details with the bill’s official record.
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