S 0999 General Bill, By Saleeby, McConnell and T.H. Pope

Similar(S 1084, H 3478)
 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.
   01/12/88  Senate Introduced and read first time SJ-250
   01/12/88  Senate Referred to Committee on Banking and Insurance SJ-25