HB 1304 - Life insurance; proceeds; provisions

Current VersionPDF Version

Sponsored In Senate By

Committees

Current Status

05/05/06 - House Date Signed by Governor

First Reader Summary

A BILL to be entitled an Act to amend Title 33 of the O.C.G.A., relating to insurance, so as to provide that neither the cash surrender values nor the proceeds of life insurance policies and annuity contracts shall be liable to attachment, garnishment, or legal process in favor of any creditor of the person for whose use or benefit the policy or contract was executed; to provide that the proceeds of life insurance policies that are payable to the insured's estate or executor, administrator, or assign shall become a part of the insured's estate to be administered as all other estate assets; to provide for the discharge from liability for any insurer for payments in accordance with such provisions; to provide for related matters; to provide an effective date; to repeal conflicting laws; and for other purposes.

Votes

Electronically Recorded Votes
Date Time Vote No Yeas Nays NV Exc Description
02/28/06 11:52 AM House Vote #701 157 001 013 009 PASS
03/27/06 07:00 PM Senate Vote #1067 050 000 005 001 PASSAGE BY SUBSTITUTE
03/28/06 02:00 PM House Vote #1061 131 000 041 008 Agree Sen Sub

Status History

Bill History
Date Action
02/09/2006 House First Readers
02/13/2006 House Second Readers
02/21/2006 House Committee Favorably Reported
02/28/2006 House Third Readers
02/28/2006 House Passed/Adopted
03/01/2006 Senate Read and Referred
03/20/2006 Senate Committee Favorably Reported
03/22/2006 Senate Read Second Time
03/27/2006 Senate Third Read
03/27/2006 Senate Passed/Adopted
03/28/2006 House Agree Senate Amend or Sub
04/07/2006 House Sent to Governor
05/05/2006 House Date Signed by Governor
05/05/2006 Act 868
05/05/2006 Effective Date