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Georgia General Assembly > Legislation
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2005-2006 Regular Session - HB 1304
Life insurance; proceeds; provisions
Sponsored By
Sponsored In Senate By
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.
Status History
May/05/2006 - Effective Date
May/05/2006 - Act 868
May/05/2006 - House Date Signed by Governor
Apr/07/2006 - House Sent to Governor
Mar/28/2006 - House Agreed Senate Amend or Sub
Mar/27/2006 - Senate Passed/Adopted By Substitute
Mar/27/2006 - Senate Third Read
Mar/22/2006 - Senate Read Second Time
Mar/20/2006 - Senate Committee Favorably Reported By Substitute
Mar/01/2006 - Senate Read and Referred
Feb/28/2006 - House Passed/Adopted By Substitute
Feb/28/2006 - House Third Readers
Feb/21/2006 - House Committee Favorably Reported By Substitute
Feb/13/2006 - House Second Readers
Feb/09/2006 - House First Readers
Feb/08/2006 - House Hopper
Mar/28/2006 - House Vote #1061Yea(131)Nay(0)NV(41)
Mar/27/2006 - Senate Vote #1067Yea(50)Nay(0)NV(5)
Feb/28/2006 - House Vote #701Yea(157)Nay(1)NV(13)
Past Versions