Wednesday, July 23, 2008
The General Assembly is not in session.
Tracking Virginia’s General Assembly
since 2007.
HB1301: Death benefits; definition excludes payments under a life insurance contract.
Chief Patron
Del.
Kenny Alexander (D-89)
Kenny Alexander
(D-89)
Norfolk, VA
Served: 2002–
Progress
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Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Status
Bill is Dead
Summary
Death benefits; former spouse. Amends a provision enacted in 1993 stating that divorce revokes the designation of a former spouse as a beneficiary of a "death benefit" by revising the definition of "death benefit" to exclude payments under a life insurance contract. A provision that requires life insurance and annuity contracts to explain that Virginia law revokes the spouse as beneficiary upon divorce is revised to include only annuity contracts, since life insurance benefits will no longer be considered death benefits. View Full Text »
Poll Results
No Richmond Sunlight visitors voted on this bill while voting was open.
