LA SB378

Divorce automatically revokes a former spouse's beneficiary designation on pension, profit-sharing, retirement plans, life insurance policies, and annuity contracts, treating the former spouse as having predeceased the decedent

Revocation applies when divorce occurs after the beneficiary designation was made, the parties remain divorced at time of death, and no court judgment or property-settlement agreement expressly provides otherwise

Payors (insurance companies, retirement plan administrators) are protected from liability if they make payment in good faith before receiving written notice of the divorce and revocation

Beneficiary designations made under the Louisiana Public Retirement Law are exempt from automatic revocation provisions

Adds prospective and retroactive application to both R.S. 9:2449.1 (retirement accounts) and R.S. 22:911.1 (life insurance/annuities), effective August 1, 2026