HCS HB 1090 -- PROPERTY INSURANCE (Bishop)

Under current law, a person may receive real property via a
transfer on death clause in the deed.  This substitute makes the
recipient automatically insured under the property insurance
policy in effect at the time of the original owner's death.
Coverage will last for 30 days or until the existing policy
period ends, whichever occurs first.

FISCAL NOTE:  No impact on state funds in FY 2005, FY 2006, and
FY 2007.

Missouri House of Representatives
92nd General Assembly, 2nd Regular Session
Last Updated September 23, 2004 at 11:14 am