Bill Text: IA SF467 | 2017-2018 | 87th General Assembly | Enrolled

---

Bill Title: A bill for an act relating to restrictions on the receipt by certain felons of certain insurance proceeds and other benefits. (Formerly SF 171.) Effective 7-1-17.

Sponsorship: Committee Bill

Status: (Passed) 2017-05-10 - Signed by Governor. S.J. 1136. [SF467 Detail]

Download: Iowa-2017-SF467-Enrolled.html

---

Senate File 467 - Enrolled




                              SENATE FILE       
                              BY  COMMITTEE ON JUDICIARY

                              (SUCCESSOR TO SF 171)
 \5
                                   A BILL FOR
 \1
                                        Senate File 467

                             AN ACT
 RELATING TO RESTRICTIONS ON THE RECEIPT BY CERTAIN
    FELONS OF CERTAIN INSURANCE PROCEEDS AND OTHER BENEFITS.

 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
    Section 1.  Section 633.535, subsection 3, Code 2017, is
 amended to read as follows:
    3.  A named beneficiary of a bond, life insurance policy, or
 any other contractual arrangement life insurance contract who
 intentionally and unjustifiably causes or procures the death of
 the principal obligee or person upon whose life the policy is
 issued or whose death generates the benefits under any other
 contractual arrangement the bond or contract is not entitled
 to any benefit under the bond, policy, or other contractual
 arrangement contract, and the benefits become payable as though
 the person causing death had predeceased the decedent.
    Sec. 2.  Section 633.535, Code 2017, is amended by adding the
 following new subsection:
    NEW SUBSECTION.  4.  a.  A named beneficiary of a bond, life
 insurance policy, or life insurance contract convicted of a
 felony referenced in paragraph "d" that was perpetrated against
 the principal obligee or person upon whose life the policy is
 issued or whose death generates the benefits, in the six months
 immediately prior to the obligee's or person's death, is not
 entitled to any benefit under the bond, policy, or contract.
    b.  The procedure set out in section 633.536 applies and
 the benefits become payable as though the convicted obligee or
 person had predeceased the decedent.
    c.  However, a principal obligee or person upon whose life
 the policy is issued or whose death generates the benefits, in
 the six months immediately prior to the obligee's or person's
 death, may affirm by a signed, notarized affidavit that the
 beneficiary should receive any benefit under the bond, policy,
 or contract despite a felony conviction referenced in this
 subsection.
    d.  This subsection applies to a conviction for any of the
 following felonies:
    (1)  Any felony contained in chapter 707.
    (2)  Any felony contained in chapter 708.
    (3)  Any felony contained in chapter 709.
    (4)  Any felony contained in chapter 710.
    (5)  Any felony contained in chapter 710A.


                                                                                            JACK WHITVER


                                                                                            LINDA UPMEYER


                                                                                            W. CHARLES SMITH


                                                                                            TERRY E. BRANSTA

                             -1-