Loading chat...

CT SB00752

Bill

Official Source

Status

Engrossed

5/27/2015

Primary Sponsor

Insurance and Real Estate Committee

Click for details

Origin

Senate

2015 General Assembly

AI Summary

  • Requires life insurance companies to include IRS Form 712 information with life insurance policy proceeds payments effective October 1, 2015
  • The required information must enable beneficiaries to complete IRS Form 712 or any subsequent replacement form adopted by the IRS
  • Applies to all policy proceeds payments made on or after October 1, 2015
  • Creates a new statutory requirement with an effective date of October 1, 2015

Legislative Description

An Act Requiring Life Insurance Companies To Provide Certain Information With Life Insurance Policy Proceeds Payments.

Last Action

House Calendar Number 650

5/29/2015

Committee Referrals

Insurance and Real Estate1/23/2015

Full Bill Text

No bill text available