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Session 107 - (1987-1988)Printer Friendly
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H 3478 General Bill, By J.D. Bradley, Boan and J.W. McLeod
Similar (S 1084)
    A Bill to amend Section 38-63-40, Code of Laws of South Carolina, 1976, relating to the protection of an individual life insurance policy for a married individual and children from claims of creditors and to amend Section 38-65-90, relating to the protection of a group life insurance policy for a married individual and children from claims of creditors, so as to increase the maximum amount of life insurance covered by these Sections from twenty-five thousand to fifty thousand dollars and to remove the protection provided for a married individual and children in these Sections when the policy was obtained with the intent to defraud creditors or the creditor or representative possesses a valid assignment of the cash surrender value of the policy from the policyholder on a separate form.
01/12/88House Introduced and read first time HJ-308
01/12/88House Referred to Committee on Labor, Commerce and Industry HJ-308
01/27/88House Committee report: Favorable Labor, Commerce and Industry HJ-678
02/04/88House Tabled HJ-971



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