Bill Text: MA H1059 | 2009-2010 | 186th General Court | Introduced

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Bill Title: Structured settlements and reserves for annuity insurance policies

Sponsorship: Partisan Bill (Democrat 1)

Status: (Introduced - Dead) 2009-01-20 - Public Hearing date 2/4 at 1:00 PM in Hearing Room A1 [H1059 Detail]

Download: Massachusetts-2009-H1059-Introduced.html

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The Commonwealth of Massachusetts

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PRESENTED BY:

James T. Welch

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To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
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��������������� The undersigned legislators and/or citizens respectfully petition for the passage of the accompanying bill:

An Act relative to structured settlements and reserves.

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PETITION OF:

 

Name:	District/Address:
James T. Welch	6th Hampden

 

The Commonwealth of Massachusetts

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In the Year Two Thousand and Nine

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An Act relative to structured settlements and reserves.

 

 

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:

 

SECTION 1. The first sentence of Section 120F of Chapter 175 of the General Laws is hereby amended by inserting at the end thereof the following:-� ; provided, however, that this section shall not apply to annuities issued to fund structured settlement agreements

SECTION 2. Sections 1-3 of Chapter 230 of the Acts of 2008 are hereby repealed.