Tennessee · 114

SB 1106

Insurance Companies, Agents, Brokers, Policies - As enacted, clarifies that the exemption from claims of creditors for the net amount payable under a policy of life insurance or under an annuity contract upon the life of a person made for the benefit of, or assigned to, the spouse, children, or dependent relatives of the person includes claims through execution, attachment, seizure, and garnishment, and that use of exempt funds does not change the classification of the funds used from exempt to nonexempt. - Amends TCA Title 56.

Bill record: Open States bulk CSV (bills/votes) CC0-1.0

Summary AI-generated

Tennessee SB 1106 clarifies that the exemption from creditors' claims for the net amount payable under life insurance policies or annuity contracts for the benefit of a spouse, children, or dependent relatives includes claims through execution, attachment, seizure, and garnishment. The bill further states that using these exempt funds does not change their classification from exempt to nonexempt. This legislation amends TCA Title 56.

Software-generated, grounded only in the bill's own fields (it does not invent outcomes, amounts, or dates). Provenance: Open States bulk CSV (bills/votes) CC0-1.0 GovTally LLM enrichment (local oMLX)

Issue tags AI-classified

Classified by a local model from the bill's text; confidence shown. GovTally LLM enrichment (local oMLX)

Sponsors

Roll-call votes on this bill

QuestionChamberResultYeaNayOtherDateSource
FLOOR VOTE: Motion to Adopt 3/24/2025 Passed (1) upper pass 0 0 0 Mar 24, 2025 Open States bulk CSV (bills/votes) CC0-1.0
SENATE COMMERCE AND LABOR COMMITTEE: Recommended for passage, refer to Senate… upper pass 0 0 0 Mar 18, 2025 Open States bulk CSV (bills/votes) CC0-1.0