Divorce beneficiary revocation; clarify the effective date.

HB 103 clarifies that when a person dies on or after July 1, 2020, their ex-spouse automatically loses life insurance beneficiary rights unless specific exceptions apply (like a divorce decree naming them as beneficiary or a redesignation after divorce). It directly affects individuals who died after July 2020 with life insurance policies naming an ex-spouse as beneficiary, ensuring proceeds go to the named alternative beneficiary or estate if the ex-spouse designation is invalid. The bill specifies that insurers must pay the correct beneficiary if they receive written notice before paying an invalid ex-spouse claim. This is a procedural clarification of existing law, not a new policy change, and it died in committee without becoming law.