By Shields                                            H.B. No. 2790
       74R5722 MWV-D
                                 A BILL TO BE ENTITLED
    1-1                                AN ACT
    1-2  relating to the exemption of insurance benefits and certain annuity
    1-3  proceeds from seizure under process.
    1-4        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-5        SECTION 1.  Article 21.22, Insurance Code, is amended by
    1-6  adding Section 7 to read as follows:
    1-7        Sec. 7.  The exemptions and protection from seizure under
    1-8  this article are in addition to the exemptions from garnishment,
    1-9  attachment, execution, or other seizure under Chapter 42, Property
   1-10  Code.
   1-11        SECTION 2.  This Act applies to money or benefits to be paid
   1-12  or rendered to an insured or a beneficiary under an insurance
   1-13  policy or annuity contract issued by a life, health, or accident
   1-14  insurance company without regard to whether the policy or contract
   1-15  was issued or entered into before, on, or after the effective date
   1-16  of this Act.
   1-17        SECTION 3.  The importance of this legislation and the
   1-18  crowded condition of the calendars in both houses create an
   1-19  emergency and an imperative public necessity that the
   1-20  constitutional rule requiring bills to be read on three several
   1-21  days in each house be suspended, and this rule is hereby suspended,
   1-22  and that this Act take effect and be in force from and after its
   1-23  passage, and it is so enacted.