To enact section 3901.046 of the Revised Code to establish a statewide life insurance database.

Section 1.  That section 3901.046 of the Revised Code be enacted to read as follows:

Sec. 3901.046.  (A) The superintendent of insurance shall establish a statewide life insurance database to serve as a source of information concerning all life insurance policies delivered or issued for delivery in this state.

(B) The information in the database concerning each life insurance policy shall be available only upon the death of the insured and only to the beneficiaries specifically listed or described in the will of the insured, or if the insured died intestate, to the spouse or next of kin of the insured.

(C) The superintendent shall determine what information to make available in the database and shall require any life insurance company that does business in this state to provide that information to the superintendent within thirty days after delivering or issuing for delivery any life insurance policy in this state.

(D) The superintendent may adopt rules as necessary to establish and implement the statewide life insurance database.

Section 2. Any life insurance company doing business in this state that delivered or issued for delivery a life insurance policy prior to the effective date of this act shall provide to the Superintendent of Insurance the information required by the Superintendent under division (C) of section 3901.046 of the Revised Code within thirty days after the Superintendent establishes the statewide life insurance database pursuant to section 3901.046 of the Revised Code.