By Shields H.B. No. 2274 75R5814 SAW-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 paid or 1-12 rendered to an insured or a beneficiary under an insurance policy 1-13 or annuity contract issued by a life, health, or accident insurance 1-14 company without regard to whether the policy or contract was issued 1-15 or entered into before, on, or after the effective date of this 1-16 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.