HB 299 DE Passed Legislature
AN ACT TO AMEND TITLE 18 OF THE DELAWARE CODE RELATING TO LIFE INSURANCE POLICY EXCLUSIONS AND RESTRICTIONS BASED ON DEATH RESULTING FROM SUICIDE.
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Summary
Current Delaware law provides that a life insurance policy may contain a provision excluding or restricting coverage in the event of death by suicide within 2 years from the date of issue of the policy. This Act reduces the time period to 1 year from the date of issue of the policy. It applies to a policy that is issued after the effective date of the Act. This Act also requires that in the event any death benefit is denied because the insured dies as a result of suicide within 1 year from the date of issue of the policy, the insurer must refund all premiums paid for coverage providing the denied death benefit on the insured. This Act is effective 6 months after its enactment into law.
Sponsors (7)
- Eric Morrison Democratic · primary
- Spiros Mantzavinos Democratic · primary
- Marie Pinkney Democratic · primary
- Bryant L. Richardson Republican · primary
- Laura V. Sturgeon Democratic · primary
- Stell Parker Selby · primary
- Ray Seigfried Democratic · primary
Action history (6)
- Mar 5, 2026 Introduced and Assigned to Economic Development/Banking/Insurance & Commerce Committee in House · lower
- Mar 24, 2026 Reported Out of Committee (Economic Development/Banking/Insurance & Commerce) in House with 2 Favorable, 8 On Its Merits · lower
- Apr 23, 2026 Passed By House. Votes: 36 YES 5 ABSENT · lower
- Apr 23, 2026 Assigned to Banking, Business, Insurance & Technology Committee in Senate · upper
- Jun 10, 2026 Reported Out of Committee (Banking, Business, Insurance & Technology) in Senate with 3 Favorable, 4 On Its Merits · upper
- Jun 16, 2026 Passed By Senate. Votes: 20 YES 1 ABSENT · upper
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