H 3478 Session 107 (1987-1988)
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.
01/12/88 House Introduced and read first time HJ-308
01/12/88 House Referred to Committee on Labor, Commerce and
Industry HJ-308
01/27/88 House Committee report: Favorable Labor, Commerce and
Industry HJ-678
02/04/88 House Tabled HJ-971
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