Tennessee 114th General Assembly Status: Introduced 1 D cosponsors

HB 1013 — AN ACT to amend Tennessee Code Annotated, Title 56, relative to creditor claims to insurance proceeds.

Last action — Assigned to s/c Insurance Subcommittee

  1. 1
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill has been introduced in the House. Introduced February 05, 2025. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Not enough signal yet

Not enough signal yet to read this bill's trajectory — we surface a likelihood only once there's real movement (stage, sponsorship, committee, or votes) to point to.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Summary

Insurance Companies, Agents, Brokers, Policies - As introduced, clarifies that the phrase "for the benefit of" includes the beneficiary of the insurance policy or annuity contract for purposes of the exemption from claims of creditors for a policy of life insurance or under an annuity contract made for the benefit of, or assigned to, the spouse or children, or dependent relatives of, the person whose life the policy or annuity contract is based on; clarifies that use of exempt funds does not change the classification of the funds from exempt to nonexempt. - Amends TCA Title 56.

Bill Text

Action History

  1. Filed for introduction

  2. Intro., P1C.

  3. P2C, ref. to Insurance Committee

  4. Assigned to s/c Insurance Subcommittee

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 132 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (132)

132 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance health-insurance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does HB 1013 do?
Insurance Companies, Agents, Brokers, Policies - As introduced, clarifies that the phrase "for the benefit of" includes the beneficiary of the insurance policy or annuity contract for purposes of the exemption from claims of creditors for a policy of life insurance or under an annuity contract made for the benefit of, or assigned to, the spouse or children, or dependent relatives of, the person whose life the policy or annuity contract is based on; clarifies that use of exempt funds does not change the classification of the funds from exempt to nonexempt. - Amends TCA Title 56.
Who sponsors HB 1013?
HB 1013 is sponsored by Shaw, Johnny (Democrat).
What is the current status of HB 1013?
This bill has been introduced in the House. Introduced February 05, 2025. It must pass committee before a floor vote.
Where can I track HB 1013?
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Last checked for changes 3 months ago · updated continuously

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