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Indiana Lawmakers Eye Life Policy Copy Bill

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NU Online News Service, Jan. 10, 11:49 a.m. – The Indiana Committee on Insurance and Financial Institutions is considering a bill that would require life insurers to accept a copy of a life insurance policy as evidence of the existence of the policy until a claim has been settled.

The bill, Senate Bill 142, would require the policyholders to submit the original policy to the life insurance company following the resolution of the claim.