SRC-JJJ H.B. 1805 76(R)   BILL ANALYSIS


Senate Research Center   H.B. 1805
76R10067 CAS-DBy: Dunnam (Ellis)
Jurisprudence
5/14/1999
Engrossed


DIGEST 

Under federal law, a person filing for voluntary bankruptcy is entitled to
claim state law exemptions.  
H.B. 1805 deletes the reference to the present value of any life insurance
policy from the types of personal property eligible for an exemption from
garnishment, attachment, execution, or other seizure. 

PURPOSE

As proposed, H.B. 1805 establishes provisions regarding the exemption of
insurance benefits from garnishment, attachment, execution, or other
seizure. 

RULEMAKING AUTHORITY

This bill does not grant any additional rulemaking authority to a state
officer, institution, or agency. 

SECTION BY SECTION ANALYSIS

SECTION 1. Amends Section 42.002(a), Property Code, to delete text
regarding the present value of any life insurance policy to the extent that
a member of the family of the insured or a dependent of a single insured
adult claiming the exemption is a beneficiary of the policy.  Makes a
conforming change. 

SECTION 2.Emergency clause. 
  Effective date: upon passage.