SB 0859 Beneficiary designations made on or after August 28, 1989 shall be presumed revoked upon divorce
LR Number:3691S.01I Fiscal Note:3691-01
Committee:Insurance and Housing
Last Action:01/31/00 - Referred S Insurance & Housing Committee Journal page:S158
Effective Date:August 28, 2000
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Current Bill Summary

SB 859 - This act provides that the statutory presumption which holds that that beneficiary designations made to a former spouse are revoked upon the date of the marriage dissolution shall only apply to beneficiary designations made on or after August 28, 1989. This provision is similar to one contained in CCS/SCS/HB 1292 (2000).