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§ 7208. Life insurance

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 20 Pa.C.S.A. Decedents, Estates and Fiduciaries

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 20 Pa.C.S.A. Decedents, Estates and Fiduciaries (Refs & Annos)
Chapter 72. Prudent Investor Rule (Refs & Annos)
20 Pa.C.S.A. § 7208
§ 7208. Life insurance
Currentness
A trustee may acquire or retain a contract of life insurance upon the life of the settlor or the settlor's spouse, or both, without liability for a loss arising from the trustee's failure to:
(1) determine whether the contract is or remains a proper investment;
(2) investigate the financial strength of the life insurance company;
(3) exercise nonforfeiture provisions available under the contract; or
(4) diversify the contract.

Credits

1999, June 25, P.L. 212, No. 28, § 2, imd. effective.
20 Pa.C.S.A. § 7208, PA ST 20 Pa.C.S.A. § 7208
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
End of Document