PRIVACY: SUB-TOPIC B SPYWARE Background: Privacy (Wolf) Do-not-track legislation is being introduced that would impose limits on member ability to collect and use information that they collect companies’ over the internet. These would include those proposals with the right to opt out of collection or use of online information. Applies to the use of cookies. Generally applicable to any limits on member ability to access companies’ information on prospective or current insureds. Position: Oppose any bill that jeopardizes our ability to collect, use, retain, and/or disclose personal information necessary to the performance of ordinary insurance functions. Insurers must be able to collect information for their use in underwriting. Information collected for the purposes of customized marketing is also very valuable and something to be preserved. Contact: Robbie Meyer. Compliance Notes: privacy, spyware, Web Keywords: PROBATE: Background: INSURANCE This amendment had the effect of bringing insurance proceeds within the B ADVANCE only if augmented (i.e., probate) estate. If life insurance proceeds are brought within insurance proceeds are PROCEEDS the scope of provisions currently only applicable to probate assets, potentially not exempt or if it significant delays in payments to beneficiaries will result. To the extent that affects revocation of a companies are uncertain of when and to whom life insurance proceeds can be designation to a former paid, they will simply pay the benefit to the probate court and file an spouse interpleader action. LILS #60 Divorce Position: Support the Uniform Probate Code I (UPC-I), approved by the National Conference of Commissioners on Uniform State Laws and the American Bar Association in August 1969. Article II of UPC-I specifically exempts life insurance and annuity proceeds from the probate estate. In 1991, Article II was amended to delete the insurance exclusion. Web Keywords: claims payment,
PRIVACY: SPYWARE SUB-TOPIC Background: Do-not-track legislation is being introduced that would impose limits on member companies’ ability to collect and use information that they collect over the internet. These would include those proposals with the right to opt out of collection or use of online information. Applies to the use of cookies. Generally applicable to any limits on member companies’ ability to access information on prospective or current insureds. Position: Oppose any bill that jeopardizes our ability to collect, use, retain, and/or disclose personal information necessary to the performance of ordinary insurance functions. Insurers must be able to collect information for their use in underwriting. Information collected for the purposes of customized marketing is also very valuable and something to be preserved. Contact: Robbie Meyer. Compliance Notes: Web Keywords: privacy, spyware, B Privacy (Wolf) PROBATE: INSURANCE PROCEEDS Background: This amendment had the effect of bringing insurance proceeds within the augmented (i.e., probate) estate. If life insurance proceeds are brought within the scope of provisions currently only applicable to probate assets, potentially significant delays in payments to beneficiaries will result. To the extent that companies are uncertain of when and to whom life insurance proceeds can be paid, they will simply pay the benefit to the probate court and file an interpleader action. Position: Support the Uniform Probate Code I (UPC-I), approved by the National Conference of Commissioners on Uniform State Laws and the American Bar Association in August 1969. Article II of UPC-I specifically exempts life insurance and annuity proceeds from the probate estate. In 1991, Article II was amended to delete the insurance exclusion. Web Keywords: claims payment, B ADVANCE only if insurance proceeds are not exempt or if it affects revocation of a designation to a former spouse LILS #60 Divorce