AN ACT TO AMEND TITLE 18 OF THE DELAWARE CODE RELATING TO LIFE INSURANCE POLICY EXCLUSIONS AND RESTRICTIONS BASED ON DEATH RESULTING FROM SUICIDE.

Summary

The bill changes state law so that life‑insurance policies can only exclude coverage for suicide during the first year after issuance, instead of two years. If a death benefit is denied because the insured dies by suicide within that year, the insurer must return all premiums paid for that coverage. The change applies to policies issued after the law takes effect, protecting consumers who purchase new policies.

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