House
File
398
S-3125
Amend
House
File
398,
as
passed
by
the
House,
as
1
follows:
2
1.
By
striking
page
1,
line
16,
through
page
2,
3
line
14,
and
inserting:
4
<
Sec.
___.
Section
522B.11,
Code
2013,
is
amended
5
by
adding
the
following
new
subsection:
6
NEW
SUBSECTION
.
8.
a.
An
insurance
producer
has
7
no
duty
to
an
intended
beneficiary
of
a
life
insurance
8
policy
unless
the
policy
owner’s
intent
to
name
that
9
person
as
a
beneficiary
of
the
insurance
policy
or
10
contract
is
proven
by
clear
written
evidence.
11
b.
The
general
assembly
declares
that
the
holding
12
of
Pitts
v.
Farm
Bureau
Life
Ins.
Co.,
818
N.W.2d
13
91
(Iowa
2012)
is
abrogated
to
the
extent
that
the
14
holding
allowed
a
policy
owner’s
intent
to
be
proven
by
15
oral
testimony
of
a
person
claiming
to
be
an
intended
16
beneficiary.
>
17
2.
By
renumbering
as
necessary.
18
______________________________
COMMITTEE
ON
JUDICIARY
ROBERT
M.
HOGG,
CHAIRPERSON
-1-
HF398.1453
(2)
85
av/nh
1/
1
#1.
#2.