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 »

Outcome

Bill Has Failed

History

DateAction
01/11/2006Prefiled and ordered printed; offered 01/11/06 062689208
01/11/2006Referred to Committee on Commerce and Labor
02/07/2006Reported from Commerce and Labor with amendment (22-Y 0-N) (see vote tally)
02/09/2006Read first time
02/10/2006Read second time
02/10/2006Committee amendment agreed to
02/10/2006Engrossed by House as amended HB1302E
02/10/2006Printed as engrossed 062689208-E
02/13/2006Read third time and passed House (97-Y 1-N)
02/13/2006VOTE: PASSAGE (97-Y 1-N) (see vote tally)
02/13/2006Communicated to Senate
02/14/2006Constitutional reading dispensed
02/14/2006Referred to Committee on Commerce and Labor
02/27/2006Continued to 2007 in Commerce and Labor (12-Y 3-N) (see vote tally)
03/06/2006Reconsidered by Commerce and Labor
03/06/2006Continued to 2007 in Commerce and Labor (15-Y 0-N) (see vote tally)