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AK SB47

Bill

Official Source

Status

Engrossed

4/9/2015

Primary Sponsor

John Coghill

Click for details

Origin

Senate

29th Legislature

AI Summary

  • Repeals and reenacts AS 09.38.025(a) to clarify exemptions for unmatured life insurance and annuity contracts owned by individuals
  • Expands exemption to explicitly include cash surrender values, accrued dividends, and loan values available under life insurance and annuity contracts
  • Exemptions remain subject to exceptions provided in AS 09.38.025 and AS 09.38.017
  • Applies only to exemptions sought on or after the bill's effective date
  • Sponsored by Senator Coghill; referred to Labor and Commerce and Judiciary committees

Legislative Description

Life Insurance/annuity Exemptions

Loans

Last Action

REFERRED TO LABOR & COMMERCE

4/10/2015

Committee Referrals

Labor & Commerce4/10/2015
Labor & Commerce2/11/2015

Full Bill Text

No bill text available