Sec. 505. Life insurance
88 words·~1 min read·
/bill/118/s/5132/is/section-505·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Nothing in this subtitle shall be construed to prohibit a life insurer from declining to issue a life insurance policy if the applicant or prospective owner of the policy is or would be designated as a beneficiary of the policy, and if— the applicant or prospective owner of the policy lacks an insurable interest in the insured; or the applicant or prospective owner of the policy is known, on the basis of police or court records, to have committed a qualifying act of violence against the proposed insured.