Travel Discrimination Banned in Life Insurance

Posted on March 28, 2008 by Cailie Currin

Yesterday, March 27, 2008, the NJ Governor, Jon Corzine, signed legislation that bans discrimination based on future travel.  (Note that some reports of this legislation have described it as a ban on past or future travel, but this legislation deals solely with future travel.) 

Unfair discrimination is defined in the law to mean: "any decision to issue, extend, or renew a policy of life insurance or the fixing of rates, terms, or conditions of a life insurance policy, on the basis of the individual's intent to engage in future lawful foreign travel, which is not based on sound actuarial principles or actual or reasonably anticipated experience." 

 

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