Insurance and transfer on death deeds.
Removes language regarding coverage under a casualty insurance policy or liability insurance policy on property transferred by a transfer on death deed. Specifies that a provision regarding insurance coverage on property transferred by a transfer on death deed does not apply to a commercial lines property insurance policy. Makes corresponding changes.
AGENCIES; Department of Insurance (IDOI)
CIVIL LAW AND PROCEDURE; Contracts and Legal Documents
DEATH AND DECEASED; Generally
INSURANCE; Property (Excluding Motor Vehicles)
PROPERTY; Generally
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