2006 Utah Code - 31A-22-404 — Suicide.

     31A-22-404.   Suicide.
     (1) (a) Suicide is not a defense to a claim under a life insurance policy that has been in force as to a policyholder or certificate holder for two years from the date of issuance of the later of:
     (i) the policy; or
     (ii) the certificate.
     (b) Subsection (1)(a) applies whether:
     (i) the suicide was voluntary or involuntary; or
     (ii) the insured was sane or insane.
     (c) If a suicide occurs within the two-year period described in Subsection (1)(a), the insurer shall pay to the beneficiary an amount not less than the premium paid for the life insurance policy.
     (2) (a) If after a life insurance policy is in effect the policy allows the insured to obtain a death benefit that is larger than when the policy was originally effective for an additional premium, the payment of the additional increment of benefit may be limited in the event of a suicide within a two-year period beginning on the date the increment increase takes effect.
     (b) If a suicide occurs within the two-year period described in Subsection (2)(a), the insurer shall pay to the beneficiary an amount not less than the additional premium paid for the additional increment of benefit.
     (3) This section does not apply to:
     (a) a policy insuring against death by accident only; or
     (b) the accident or double indemnity provisions of an insurance policy.

Amended by Chapter 308, 2002 General Session