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Committee narrows transfer-on-death deed insurance protection to residential property
Summary
Lawmakers amended and approved a bill to limit insurance protections tied to transfer-on-death deeds so they apply only to real property (homes), exclude commercial and personal property and provide 60 days of insurance continuity after transfer; the measure passed the committee 11-0.
Representative Lehman explained House Bill 12-13 and two technical amendments that narrowed the earlier statutory language so the insurance-continuation rule applies only to real property (residential homes), excludes commercial properties and removes reference to certain additional code steps. Lehman said the prior law's broader language unintentionally extended to…
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