Bill Text: CT SB00752 | 2015 | General Assembly | Comm Sub
Bill Title: An Act Requiring Life Insurance Companies To Provide Certain Information With Life Insurance Policy Proceeds Payments.
Spectrum: Committee Bill
Status: (Engrossed - Dead) 2015-05-29 - House Calendar Number 650 [SB00752 Detail]
Download: Connecticut-2015-SB00752-Comm_Sub.html
General Assembly |
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January Session, 2015 |
LCO No. 3306 | ||
*_____SB00752INS___022715____* | |||
Referred to Committee on INSURANCE AND REAL ESTATE |
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Introduced by: |
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(INS) |
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AN ACT REQUIRING LIFE INSURANCE COMPANIES TO PROVIDE CERTAIN INFORMATION WITH LIFE INSURANCE POLICY PROCEEDS PAYMENTS.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
Section 1. (NEW) (Effective October 1, 2015) Each life insurance company that pays, on or after October 1, 2015, the proceeds of a life insurance policy shall include with such payment the information needed for a beneficiary to complete an Internal Revenue Service Form 712 or any replacement form adopted by the Internal Revenue Service.
This act shall take effect as follows and shall amend the following sections: | ||
Section 1 |
October 1, 2015 |
New section |
INS |
Joint Favorable |