Bill Text: TX HB2104 | 2019-2020 | 86th Legislature | Introduced
Bill Title: Relating to a limitation on life insurance proceeds for terroristic acts.
Sponsorship: Partisan Bill (Republican 1)
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 | |
|
|
||
|
|
||
| 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. | ||
