Increase Exemption For Life Insurance Cash Value
Summary
Under current law, the cash surrender value of life insurance held by a debtor for 48 months or longer up to $100,000 is exempt from attachment or execution. The bill increases this exemption up to $250,000. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)
Bill status
signed
all 5 stages cleared
Introduction
Jan 2017
Committee Review
Feb 2017
House Passage
Feb 2017
Senate Passage
Mar 2017
Signed into Law
Mar 2017
Introduced Jan 19, 2017
Signed Mar 20, 2017
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
12
Key actions
2
Committee
2
Mar 20, 2017
Signed into law
Governor Signed
executive
Feb 28, 2017
Legislature · Passed
Senate Committee on Finance Refer Unamended - Consent Calendar to Senate Committee of the Whole
legislature
Feb 22, 2017
Introduced
Introduced In Senate - Assigned to Finance
legislature
Feb 15, 2017
Committee
House Committee on Finance Refer Unamended to House Committee of the Whole
legislature
Jan 19, 2017
Introduced
Introduced In House - Assigned to Finance
legislature
2 primary · 0 co-sponsors
Sponsors
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