Removed language regarding insurance coverage under a casualty insurance policy or liability insurance policy on property that is transferred by a transfer on death deed.
Specified 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.
Transfer on death deed executed after Jun. 30, 2025 must include warning that policy may no longer cover the real property and the beneficiary of a transfer on death deed.
Legislative History
On Jan. 8, 2025, bill was introduced in House; on Feb. 10, 2025, bill passed House.
On Feb. 20, 2025, bill was introduced in Senate; on Mar. 11, 2025, bill passed Senate.
On Mar. 13, 2025, signed by House speaker; on Mar. 18, signed by Senate president.
Effectiveness
If enacted, bill provisions become effective Jul. 1, 2025.
Mar. 2025 IDNA LEG Governor Approval
On Mar. 25, 2025, IDNA LEG reported governor signed HEA 1213 on transfer deeds.
Regulators
IDNA LEG
Entity Types
Ins
Reference
Bill, 3/25/2025; Bill HB1213, 3/18/2025; Citation: INDA INS 27-1-13-18; INDA LEG 32-17-14-11;
