The House Economic Development, Banking, Insurance & Commerce Committee advanced two bills — reducing the suicide exclusion window in life insurance policies from two years to one and establishing a blockchain and digital innovation task force — while the outcome of a bill anchoring federal disability protections into Delaware state law remained unclear, and a rewrite of Delaware's alcohol code was deferred to a future meeting without being heard.
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Representative D. Short argued that individual life insurance policies are medically underwritten through the Medical Insurance Bureau and that anyone with significant medical history would either be denied coverage or have their policy rated up, concluding that HB 299 'doesn't solve anything for individual policies with anybody that has any significant medical history' and that only group policies are guaranteed-issue. Representative Morrison countered by stating that 'the Delaware Department of Insurance is very confident that this will have absolutely no negative impact upon insurance companies or upon policyholders.'
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“To suggest it is common in the least for individuals to take out life insurance policies with plans to die by suicide. And is not just unsubstantiated. It is hurtful and insulting to anyone who has suffered with suicidal ideation, their loved ones or the loved ones of individuals who have died by suicide.”
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Sign in to subscribeI think it's. Yeah, yeah, that chair was hiding that one. Sa. Presents Vice Chair Carson President Representative Barry Representative Gray President Representative Griffith Representative Harris Representative Hensley President Representative Lambert President of Ross Levin President Representative Short Representative Shute Representative Smith Representative Snyder Hall President President of Wilson Anton of Yurik okay, here. All right. Seeing there's enough members present, moving forward, we're going to start. We're going to move down the agenda a little bit. The House item number. A lot of clicking and beeping. Well, whoever is winning the game, This is what main events go. Totally fine. For those without kids, you'll understand after this hearing. If you don't have children, you should. How are you? Yeah, the newer. Like they look like a. I think he looks a little more like me. Online, we are going to temporarily shut down the audio and the zoom and we're going to bring it back up so we don't have the technical problems we're having right now. Sa. Testing. Yes, I can hear you. Awesome. Good to go. Sorry about that, everyone. I truly apologize. And with that, I'm going to turn it over to Representative. Representative Morrison,…
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