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2018 SESSION
SB 176 Life insurance policies; claims of creditors.
Introduced by: William M. Stanley, Jr. | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Life insurance; claims of creditors. Repeals a provision that excludes, from the protections from claims of creditors that are afforded life insurance policies and annuities, the cash surrender or loan value of a policy under which the right to change the beneficiary is reserved. In 2016, the General Assembly enacted a provision that exempts protected insurance items from the claims of creditors regardless of whether the right to change a beneficiary is reserved or permitted.
FULL TEXT
- 12/28/17 Senate: Prefiled and ordered printed; offered 01/10/18 18101629D pdf | impact statement
- 02/27/18 Senate: Bill text as passed Senate and House (SB176ER) pdf | impact statement
- 03/19/18 Governor: Acts of Assembly Chapter text (CHAP0304) pdf
HISTORY
- 12/28/17 Senate: Prefiled and ordered printed; offered 01/10/18 18101629D
- 12/28/17 Senate: Referred to Committee on Commerce and Labor
- 01/22/18 Senate: Reported from Commerce and Labor (13-Y 0-N)
- 01/24/18 Senate: Constitutional reading dispensed (40-Y 0-N)
- 01/25/18 Senate: Read second time and engrossed
- 01/26/18 Senate: Read third time and passed Senate (38-Y 0-N 1-A)
- 01/31/18 House: Placed on Calendar
- 01/31/18 House: Read first time
- 01/31/18 House: Referred to Committee on Commerce and Labor
- 02/20/18 House: Reported from Commerce and Labor (22-Y 0-N)
- 02/22/18 House: Read second time
- 02/23/18 House: Read third time
- 02/23/18 House: Passed House BLOCK VOTE (98-Y 0-N)
- 02/23/18 House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
- 02/27/18 Senate: Enrolled
- 02/27/18 Senate: Bill text as passed Senate and House (SB176ER)
- 02/27/18 House: Signed by Speaker
- 03/02/18 Senate: Signed by President
- 03/05/18 Senate: Enrolled Bill Communicated to Governor on March 5, 2018
- 03/05/18 Governor: Governor's Action Deadline Midnight, April 9, 2018
- 03/19/18 Governor: Approved by Governor-Chapter 304 (effective 7/1/18)
- 03/19/18 Governor: Acts of Assembly Chapter text (CHAP0304)