SB 894: Restrictions on Employer-owned Life Insurance Policies
GENERAL BILL by Martin
Restrictions on Employer-owned Life Insurance Policies; Authorizing employer-owned life insurance policies covering certain key persons of business entities, organizations, companies, and corporations under specified circumstances; providing that premiums, loan interests, and expenses related to employer-owned life insurance are not tax deductible; specifying that insurers that violate certain provisions are subject to a fine of up to $1 million per violation and may have its authority to transact insurance suspended or revoked, etc.
-
Bill History
Date Chamber Action 12/12/2025 Senate • Filed
-
SB 894, Original Filed Version (Current Bill Version) Posted 12/12/2025 at 3:02 PM
Bill Text: Web Page | PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 261 Restrictions on Employer-owned Life Insurance Policies Gossett-Seidman Similar Last Action: 11/4/2025 H Now in Insurance & Banking Subcommittee 
Citations - Statutes (1)
Citation Catchline Location in Bill Location In Bill Help 627.4635 Page 1 (pdf)