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CT SB00672

Bill

Official Source

Status

Introduced

1/23/2015

Primary Sponsor

Kevin Kelly

Click for details

Origin

Senate

2015 General Assembly

AI Summary

  • Amends Title 45a of the General Statutes regarding irrevocable life insurance trusts with minor child beneficiaries
  • Requires parents or guardians of minor child beneficiaries to designate a virtual representative for the child
  • Requires the virtual representative to designate a person to receive annual notices informing the beneficiary that they may receive money paid as premiums
  • Intended to protect minor children who are beneficiaries of irrevocable life insurance trusts

Legislative Description

An Act Concerning A Minor Child Who Is A Beneficiary Of An Irrevocable Life Insurance Trust.

Last Action

Referred to Joint Committee on Judiciary

1/23/2015

Committee Referrals

Judiciary1/23/2015

Full Bill Text

No bill text available