Life insurance; payment of benefits to designee of beneficiary. (HB1302)
Introduced By
Sen. Kenneth Alexander (D-Norfolk)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
✓ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Life insurance; payment of benefits to designee of beneficiary. Authorizes the named beneficiary of record of an individual life insurance policy to designate one or more persons to receive all or a portion of the proceeds of the policy to which the beneficiary is entitled, unless otherwise prohibited by law. The insurer shall honor such designation if it is in writing, signed by the beneficiary, attested by a notary public, and received by the insurer prior to paying the proceeds to the beneficiary. Read the Bill »
Status
03/06/2006: Failed to Pass in Committee
History
Date | Action |
---|---|
01/11/2006 | Prefiled and ordered printed; offered 01/11/06 062689208 |
01/11/2006 | Referred to Committee on Commerce and Labor |
02/07/2006 | Reported from Commerce and Labor with amendment (22-Y 0-N) |
02/09/2006 | Read first time |
02/10/2006 | Read second time |
02/10/2006 | Committee amendment agreed to |
02/10/2006 | Engrossed by House as amended HB1302E |
02/10/2006 | Printed as engrossed 062689208-E |
02/13/2006 | Read third time and passed House (97-Y 1-N) |
02/13/2006 | VOTE: PASSAGE (97-Y 1-N) |
02/13/2006 | Communicated to Senate |
02/14/2006 | Constitutional reading dispensed |
02/14/2006 | Referred to Committee on Commerce and Labor |
02/27/2006 | Continued to 2007 in Commerce and Labor (12-Y 3-N) |
03/06/2006 | Reconsidered by Commerce and Labor |
03/06/2006 | Continued to 2007 in Commerce and Labor (15-Y 0-N) |