Statute Requiring Automatic Revocation of Ex-Spouse’s Primary Beneficiary Designation In Life Insurance Policy Does Not Violate Contracts Clause Of The Constitution
Posted by Haight Brown & Bonesteel LLP on Aug 12th 2018
n Sveen v. Melin (No. 16-1432, filed June 11, 2018) (“Sveen”), the United States Supreme Court held that a statute which automatically revoked life insurance beneficiary designations following the policyholder’s divorce did not violate the Contracts Clause of the United States Constitution. (U.S. Const. Art. I § 10, cl. 1.)In 2002, the Minnesota Legislature passed a statute that automatically revokes the designation of a spouse as the beneficiary of life insurance policy if the policy is purchas
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