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Committee approves amendment narrowing immunity in charitable-beneficiary bill, sends bill to floor 8-0
Summary
The Insurance and Financial Institutions Committee adopted an amendment to House Bill 1081 that revises procedures for financial institutions to release charitable bequests when a death certificate is not available and removes broad immunity language. After debate the committee voted to move the amended bill to the floor by voice/roll call.
The committee considered House Bill 1081, which would make it easier for charitable organizations to collect funds bequeathed to them when the decedent’s death is not yet proven by a death certificate. Representative Manning introduced amendment 11, which adds an ‘‘indirect proof of death’’ pathway (two of three documents such as notice of probate publication, proof funeral expenses were paid, or published obituary), lengthens the institution response period from 30 to 45 days and directs complaints to the applicable primary regulator rather than specifying a single enforcement remedy.
Representative Manning said the changes were developed with stakeholders and were intended to strike a balance between the…
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