H.R. 6175 · 111th Congress
Federal Life Insurance Transparency Act
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Never voted on. It didn't reach a floor vote before the 111th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
ConnollySponsorNo cosponsors.
Federal Life Insurance Transparency Act - Requires payments to beneficiaries of death claims under the federal employees' group life insurance program to be made in a lump sum, unless the insured or the beneficiary elects an alternative form of payment (which may be in addition to or instead of a lump-sum payment), as prescribed by the Office of Personnel…
What it does: CRS summary · Introduced in House · Sep 22, 2010
Federal Life Insurance Transparency Act - Requires payments to beneficiaries of death claims under the federal employees' group life insurance program to be made in a lump sum, unless the insured or the beneficiary elects an alternative form of payment (which may be in addition to or instead of a lump-sum payment), as prescribed by the Office of Personnel Management (OPM).
Permits the insured employee to elect such an alternative form of payment; but allows a beneficiary (or beneficiaries) to elect settlement by any other form of payment available to the employee, regardless of the employee's election.
Applies this Act only to employees who first become insured in any calendar year beginning at least three months after enactment of this Act.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Federal Life Insurance Transparency Act
Latest action (Sep 22, 2010): Referred to the House Committee on Oversight and Government Reform.
Policy area: Government Operations and Politics · Origin: House · Introduced: Sep 22, 2010
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.