HB17-1093
Increase Exemption For Life Insurance Cash Value
Concerning an increase in the exemption for the cash surrender value of life insurance.
Session:
2017 Regular Session
Subject:
Bill Summary
Insurance
Under current law, the cash surrender value of life insurance held by a debtor for 48 months or longer up to $100,000 is exempt from attachment or execution. The bill increases this exemption up to $250,000.
(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)