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House rejects bill requiring certified notice before life-insurance lapse for larger policies
Summary
House Bill 2-65, which would have required certified mailing notice to policyholders (and a designee) before non-monthly life policies of $50,000 or more are lapsed, failed on the House floor after debate about costs and administrative burden on insurers.
The Idaho House considered House Bill 2-65 on March 3, a proposal to require insurers to send certified return-receipt mail to policyholders and a designated third party before lapsing non-monthly life-insurance policies with face values of $50,000 or more.
Representative, District 20 sponsored the measure and said the requirement mirrors…
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