By Driver                                             H.B. No. 2893
                                 A BILL TO BE ENTITLED
    1-1                                AN ACT
    1-2  relating to certain insurance benefits and annuity proceeds.
    1-3        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-4        SECTION 1.  Section 6, Article 21.22, Insurance Code, is
    1-5  amended to read as follows:
    1-6        Sec. 6.  For purposes of regulation under this code, an
    1-7  annuity contract issued by a life, health, or accident insurance
    1-8  company, including a mutual company or fraternal company, or under
    1-9  any plan or program of annuities or benefits in use by an employer
   1-10  or individual, shall be considered a policy or contract of
   1-11  insurance.  Except, however, if any such assignment is voluntary,
   1-12  in writing, supported by consideration and secured by a pledge of
   1-13  the policy or its proceeds, then the assignment shall be valid.
   1-14        SECTION 2.  The importance of this legislation and the
   1-15  crowded condition of the calendars in both houses create an
   1-16  emergency and an imperative public necessity that the
   1-17  constitutional rule requiring bills to be read on three several
   1-18  days in each house be suspended, and this rule is hereby suspended,
   1-19  and that this Act take effect and be in force from and after its
   1-20  passage, and it is so enacted.