Senate File 467 - Reprinted SENATE FILE 467 BY COMMITTEE ON JUDICIARY (SUCCESSOR TO SF 171) (As Amended and Passed by the Senate March 16, 2017 ) A BILL FOR An Act relating to restrictions on the receipt by certain 1 felons of certain insurance proceeds and other benefits. 2 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 3 SF 467 (3) 87 av/rj/jh

S.F. 467 Section 1. Section 633.535, Code 2017, is amended by adding 1 the following new subsection: 2 NEW SUBSECTION . 4. a. A named beneficiary of a bond 3 or life insurance policy convicted of a felony referenced 4 in paragraph “d” that was perpetrated against the principal 5 obligee or person upon whose life the policy is issued or whose 6 death generates the benefits, in the six months immediately 7 prior to the obligee’s or person’s death, is not entitled to 8 any benefit under the bond or policy. 9 b. The procedure set out in section 633.536 applies and 10 the benefits become payable as though the convicted obligee or 11 person had predeceased the decedent. 12 c. However, a principal obligee or person upon whose life 13 the policy is issued or whose death generates the benefits, in 14 the six months immediately prior to the obligee’s or person’s 15 death, may affirm by a signed, notarized affidavit that the 16 beneficiary should receive any benefit under the bond or policy 17 despite a felony conviction referenced in this subsection. 18 d. This subsection applies to a conviction for any of the 19 following felonies: 20 (1) Any felony contained in chapter 707. 21 (2) Any felony contained in chapter 708. 22 (3) Any felony contained in chapter 709. 23 (4) Any felony contained in chapter 710. 24 (5) Any felony contained in chapter 710A. 25 -1- SF 467 (3) 87 av/rj/jh 1/ 1