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HB1045Introduced in the House

AN ACT to amend Tennessee Code Annotated, Title 56, relative to creditor claims to insurance proceeds.

Passed

Introduced by Johnny Shaw, District 80

What does this bill do?

Plain-English breakdown

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Official description

As enacted, clarifies that the exemption from claims of creditors for the net amount payable under a policy of life insurance or under an annuity contract upon the life of a person made for the benefit of, or assigned to, the spouse, children, or dependent relatives of the person includes claims through execution, attachment, seizure, and garnishment, and that use of exempt funds does not change the classification of the funds used from exempt to nonexempt. - Amends TCA Title 56.

Where it stands

Effective date(s) 07/01/2025

April 4, 2025

How did lawmakers vote?

HouseStage: FLOOR VOTE: CONSENT CALENDAR PASSAGE ON THIRD CONSIDERATION · March 24, 2025

96

Yes

0

No

0

Absent or Not Voting

96 representatives recorded in this House vote. Colors show vote categories only, not whether a vote was good or bad.

What do people think?

Citizen Voice

How would you vote on this bill?

An unofficial public opinion poll. It does not affect the bill or the official vote.

One response per device. Location is self-reported and not verified. Results are informal and not a scientific survey.

See how each representative voted

Bill history

  1. Filed for introduction

  2. Intro., P1C.

  3. P2C, ref. to Insurance Committee

  4. Assigned to s/c Insurance Subcommittee

  5. Placed on s/c cal Insurance Subcommittee for 3/5/2025

  6. Rec. for pass by s/c ref. to Insurance Committee

  7. Placed on cal. Insurance Committee for 3/12/2025

  8. Rec. for pass; ref to Calendar & Rules Committee

  9. Placed on cal. Calendar & Rules Committee for 3/20/2025

  10. H. Placed on Consent Calendar for 3/24/2025

  11. Passed H., Ayes 96, Nays 0, PNV 0

  12. Engrossed; ready for transmission to Sen.

  13. Received from House, Passed on First Consideration

  14. Senate substituted House Bill for companion Senate Bill.

  15. Passed Senate, Ayes 32, Nays 0

  16. Enrolled; ready for sig. of H. Speaker.

  17. Signed by H. Speaker

  18. Signed by Senate Speaker

  19. Transmitted to Governor for his action.

  20. Signed by Governor.

  21. Pub. Ch. 150

  22. Effective date(s) 07/01/2025

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