Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Bill would extend short insurance window after property passes via transfer‑on‑death deed, sponsor says
Summary
Sen. Tanya Storer introduced LB422 to require temporary insurance coverage for property that passes on death via transfer‑on‑death deeds; sponsors said a 30–60 day window prevents uninsured losses after a transferor’s death and negotiations with insurers were ongoing.
Senator Tanya Storer, representing Legislative District 43, introduced LB422 to create a temporary insurance protection window for beneficiaries of property that transfers by a transfer‑on‑death (TOD) deed. The proposed rule would preserve the deceased owner’s insurance coverage for a set window (the sponsor said 60 days in her opening comments) so a beneficiary has time to obtain a new policy and avoid uninsured losses.
Storer told the Judiciary Committee the bill responds to litigation and practical problems when…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
