Life Insurance Fairness for Travelers Act of 2007

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.

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Timeline

1. 24 July 2007

   Introduced

   Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

   Source: IntroReferral

2. 24 July 2007

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 24 July 2007 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 24 July 2007

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 24 July 2007

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 24 July 2007

  Open at official source

Sponsors

• Charles Schumer · D · Sponsor
• Sen. Martinez, Mel [R-FL] · R · Cosponsor
• Sen. Menendez, Robert [D-NJ] · D · Cosponsor
• · ssbk00 · Standing

Related records

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