Substitute for Raised H.B. No. 6772
Session Year 2015
AN ACT EXTENDING CREDITOR PROTECTION TO AMOUNTS PAYABLE TO A PARTICIPANT OF OR BENEFICIARY UNDER AN ANNUITY PURCHASED TO FUND EMPLOYEE OR RETIREE RETIREMENT BENEFITS.
To require an insurance company to provide certain disclosures to employees and retirees of an employer when such company issues a group annuity contract to provide retirement benefits to such employees and retirees, and to protect amounts payable under such annuity contract from creditors of participants and beneficiaries.
Insurance and Real Estate Committee
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Co-sponsors of HB-6772
Rep. Livvy R. Floren, 149th Dist.
Rep. Louis P. Esposito, 116th Dist.
Sen. Henri Martin, 31st Dist.
Sen. Eric D. Coleman, 2nd Dist.
Sen. Joseph J. Crisco, 17th Dist.
Sen. Marilyn Moore, 22nd Dist.
Sen. Edwin A. Gomes, 23rd Dist.