00RS HB246


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HB 246 (BR 1294) - B. Heleringer

     AN ACT relating to annuities.
     Amend KRS 454.430 and 454.431 to prohibit the transfer of structured settlement payment rights; create a new section of Subtitle 15 of KRS Chapter 304 to prohibit a person from assigning, transferring, or selling the payments that the person is entitled to receive from an annuity; prohibit an insurer from making payments to a person who claims the payments were sold, transferred, or assigned; repeal KRS 454.435, which establishes the jurisdiction of the Circuit Court for transfer of structured settlement payment rights.

     Jan 4-introduced in House
     Jan 5-to Banking and Insurance (H)
     Jan 11-posted in committee
     Jan 12-reassigned to Judiciary (H)
     Feb 15-posted in committee
     Feb 16-posting withdrawn

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