Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee advances bill narrowing insurance coverage tied to transfer-on-death deeds
Summary
The Indiana Senate Insurance and Financial Institutions Committee advanced House Bill 1213, which narrows insurance coverage imposed by last year’s transfer-on-death deed law to only real property for residential transfers and removes liability, commercial and personal-property coverage.
House Bill 1213 was advanced by the Senate Insurance and Financial Institutions Committee after a brief presentation and unanimous committee support during the hearing.
Representative Laymon, sponsor for HB 1213, told the committee the bill is a technical fix to House Bill 1034 from last year that addressed transfer-on-death deeds. "What this year is, there's a couple of things that went through last year that we knew we probably need to look at and tweak, and House Bill 12 13 is that…
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
