Life insurance; claims of creditors.
Summary
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.
Bill status
passed
4 of 5 stages cleared
Introduction
Dec 2017
Committee Review
Jan 2018
Senate Passage
Feb 2018
House of Delegates Passage
Feb 2018
Governor
Introduced Dec 28, 2017
Last action Mar 5, 2018
Floor votes
How they voted
This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
14
Key actions
1
Committee
2
Feb 23, 2018
Legislature · Passed
Passed House BLOCK VOTE (98-Y 0-N)
legislature
Jan 31, 2018
Committee
Referred to Committee on Commerce and Labor
legislature
Dec 28, 2017
Committee
Referred to Committee on Commerce and Labor
legislature
Dec 28, 2017
Introduced
Prefiled and ordered printed; offered 01/10/18 18101629D
legislature
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Bill Stanley
RRepublican
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