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CT SB00283

Bill

Official Source

Status

Engrossed

4/20/2016

Primary Sponsor

Insurance and Real Estate Committee

Click for details

Origin

Senate

2016 General Assembly

AI Summary

  • Life insurance companies must include information needed to complete IRS Form 712 (or any subsequent corresponding IRS form) when paying life insurance policy proceeds to beneficiaries.

  • Requirement applies to all proceeds payments made on or after October 1, 2016.

  • Effective date is October 1, 2016.

Legislative Description

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

Last Action

House Calendar Number 473

4/22/2016

Committee Referrals

Insurance and Real Estate2/25/2016

Full Bill Text

No bill text available