A bill for an act relating to life insurance, permissible third parties, and financial exploitation of eligible adults.(Formerly SSB 3094.)

This bill expands protections against the financial exploitation of eligible adults, particularly concerning life insurance policies and financial transactions. It allows insurers and qualified individuals to delay disbursements or transactions if they suspect financial exploitation, and outlines procedures for notifying the insurance commissioner and designated third parties. The bill also establishes training requirements for insurance personnel and grants immunity from liability for those acting in good faith to prevent exploitation.

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