Death benefits; definition excludes payments under a life insurance contract. (HB1301)
Introduced By
Sen. Kenneth Alexander (D-Norfolk)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
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. Read the Bill »
Outcome
Bill Has Failed
History
Date | Action |
---|---|
01/11/2006 | Prefiled and ordered printed; offered 01/11/06 064866208 |
01/11/2006 | Referred to Committee for Courts of Justice |
02/15/2006 | Left in Courts of Justice |