Life Insurance Employee Notification Act
Last action on Mar 3, 2003Referred to the Subcommittee on Employer-Employee Relations.
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Summary
Life Insurance Employee Notification Act - Requires an employer to notify an employee in writing upon the purchase of an employer-owned insurance policy on the life of such employee for a beneficiary other than the individual who is the subject of the policy.
Declares that violation of this Act constitutes an unfair method of competition and an unfair or deceptive act or practice under the Federal Trade Commission Act.
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