Relates to requirements for making of policy loans
Summary
Requires the terms and conditions of any individual life insurance policy loan to be in writing, be signed by the insured and the agent and contain a signed statement that the agent has explained the terms to the policyholder.
Bill status
passed
3 of 5 stages cleared
Introduction
Mar 2025
Committee Review
Mar 2026
Assembly Passage
Mar 2026
Senate Passage
Governor
Introduced Mar 14, 2025
Last action Mar 4, 2026
Floor votes · Assembly Mar 4, 2026
How they voted
145–0
Passed · 4 other
Total votes 149
Mar 4, 2026
D
Democratic102
97% Yea
R
Republican47
97% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
7
Key actions
1
Committee
3
Mar 4, 2026
Committee
REFERRED TO INSURANCE
upper
Mar 4, 2026
Lower · Passed
PASSED ASSEMBLY
lower
Jan 7, 2026
Committee
REFERRED TO INSURANCE
lower
Mar 14, 2025
Committee
REFERRED TO INSURANCE
lower
1 primary · 7 co-sponsors
Sponsors
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