Plain English Breakdown
The official source material does not provide specific details about what changes will be made, only that they are technical and nonsubstantive.
Changes to Life and Disability Insurance Rules
The bill makes minor technical updates to the rules about life and disability insurance.
What This Bill Does
- Makes technical, nonsubstantive changes to existing laws that regulate life and disability insurance.
Who It Names or Affects
- People who buy life and disability insurance
- Insurance companies that sell these types of policies
Terms To Know
- Insurable interest
- The legal right to get insurance for someone else, like a family member or someone you support financially.
Limits and Unknowns
- It is unclear what specific changes will be made until the final version of the law is published.