Divorce or dissolution of marriage; award of life insurance. (SB1081)

Introduced By

Sen. Jennifer Wexton (D-Leesburg)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Award of life insurance upon divorce or dissolution of marriage. Provides that where an order for spousal support or separate maintenance has been entered by the court, the court may order a party to maintain an existing life insurance policy, renew an existing life insurance policy, designate the other party as beneficiary, allocate the premium cost of life insurance between the parties, and order the insured party to facilitate the provision of certain information from the insurer to the beneficiary. The bill sets out factors to be considered by the court when making such an award and provides that the obligation to maintain a life insurance policy ceases upon the termination of the party's obligation to pay spousal support or separate maintenance. This bill is a recommendation of the Boyd-Graves Conference. Amends § 20-107.3, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/06/2017Prefiled and ordered printed; offered 01/11/17 17100205D
01/06/2017Referred to Committee for Courts of Justice
02/01/2017Passed by indefinitely in Courts of Justice (8-Y 7-N) (see vote tally)

Duplicate Bills

The following bills are identical to this one: HB2289.