Bill Text: TX HB2104 | 2019-2020 | 86th Legislature | Introduced
Bill Title: Relating to a limitation on life insurance proceeds for terroristic acts.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Engrossed - Dead) 2019-05-07 - Referred to Business & Commerce [HB2104 Detail]
Download: Texas-2019-HB2104-Introduced.html
86R11055 SCL-F | ||
By: Frullo | H.B. No. 2104 |
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relating to a limitation on life insurance proceeds for terroristic | ||
acts. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Subchapter A, Chapter 1101, Insurance Code, is | ||
amended by adding Section 1101.014 to read as follows: | ||
Sec. 1101.014. LIMITATION ON PROCEEDS DUE TO TERRORISTIC | ||
ACT. Notwithstanding any other law, a life insurance policy may | ||
provide that proceeds are limited to the amount paid in premiums if: | ||
(1) the insured's death occurs as a result of the | ||
insured's conduct constituting an offense involving violence to any | ||
person or property and with the intent to: | ||
(A) place the public or a substantial group of | ||
the public in fear of serious bodily injury; | ||
(B) influence the conduct or activities of a | ||
branch or agency of the federal government, this state, or a | ||
political subdivision of this state; or | ||
(C) significantly disrupt or interfere with | ||
lawful commerce or the right of lawful assembly; and | ||
(2) the conduct described by Subdivision (1) occurred | ||
not later than the second anniversary of the effective date of the | ||
policy. | ||
SECTION 2. Section 1101.014, Insurance Code, as added by | ||
this Act, applies only to an insurance policy delivered, issued for | ||
delivery, or renewed on or after January 1, 2020. | ||
SECTION 3. This Act takes effect September 1, 2019. |