S. 1865 · 110th Congress
Life Insurance Fairness for Travelers Act of 2007
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Never voted on. It didn't reach a floor vote before the 110th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
SchumerSponsor2 cosponsors · 1 D, 1 R
0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Life Insurance Fairness for Travelers Act of 2007 - Amends the Terrorism Risk Insurance Act of 2002 to require an insurer to make available, in all of its life insurance policies for an insured who is either a U.S. citizen or lawful permanent resident, coverage that neither considers past, nor precludes future, lawful foreign travel by the insured.
What it does: CRS summary · Introduced in Senate · Jul 24, 2007
Life Insurance Fairness for Travelers Act of 2007 - Amends the Terrorism Risk Insurance Act of 2002 to require an insurer to make available, in all of its life insurance policies for an insured who is either a U.S. citizen or lawful permanent resident, coverage that neither considers past, nor precludes future, lawful foreign travel by the insured.
Prohibits the insurer from: (1) declining such coverage based on past or future lawful foreign travel by the insured; or (2) charging a premium for the coverage that is excessive and not based on a good faith actuarial analysis.
Allows declination of or limited coverage for travel to foreign destinations for which serious health-related warnings have been issued, or in which an ongoing military conflict or serious unlawful situation is taking place.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Life Insurance Fairness for Travelers Act of 2007
Latest action (Jul 24, 2007): Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Policy area: Finance and Financial Sector · Origin: Senate · Introduced: Jul 24, 2007
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.