Life Insurance Fairness for Travelers Act of 2007
Latest action · Jul 24, 2007 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJul 24, 2007
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Life Insurance Fairness for Travelers Act of 2007 - Amends the Terrorism Risk Insurance Act of 2002 to require an insurer to make available, in all of its life insurance policies for an insured who is either a U.S. citizen or lawful permanent resident, coverage that neither considers past, nor precludes future, lawful foreign travel by the insured.
Prohibits the insurer from: (1) declining such coverage based on past or future lawful foreign travel by the insured; or (2) charging a premium for the coverage that is excessive and not based on a good faith actuarial analysis.
Allows declination of or limited coverage for travel to foreign destinations for which serious health-related warnings have been issued, or in which an ongoing military conflict or serious unlawful situation is taking place.
Cosponsors 2
Members who signed on, in the order they did. Signatures ran from Oct 4, 2007 to Jul 29, 2008.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-FL | Mel Martinez | Oct 4, 2007 | |
| D-NJ | Robert Menendez | Jul 29, 2008 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Banking, Housing, and Urban Affairs Committee | Referred Jul 24, 2007 |
Actions 2
Everything that happened, newest first.
- Jul 24, 2007Introduced in Senate
- Jul 24, 2007Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to provide for mandatory availability of life insurance that does not preclude future lawful travel, and for other purposes.
- Short Titles as Introduced
- Life Insurance Fairness for Travelers Act of 2007
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- Jul 24, 2007Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
