Friday, April 30, 2010

VA: governor signs bill allowing same-sex partner beneficiaries on life insurance policies

Virginia Gov. Bob McDonnell (R) has signed into law a bill allowing life insurance companies to offer employees of employer group policies the ability to name as beneficiaries same-sex partners, through a “back door” provision that now allows any partner in whom the policyholder has an insurable interest. There is no longer any language referring to an insurable group of persons.

The Virginia Family Foundation did not try to obstruct passage of the bill, which passed almost unanimously. The Blade/DC Agenda story by Chris Johnson is here.

In twelve years of working in the life and annuity industry from 1990 to 2001, I almost never heard the issue of same-sex partners mentioned while working there.

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