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H.B. 339
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5 AN ACT RELATING TO THE JUDICIAL CODE; CHANGING HOW INSURANCE BENEFITS
6 OR CONTRACTS ARE EXEMPTED FROM JUDICIAL PROCESS.
7 This act affects sections of Utah Code Annotated 1953 as follows:
8 AMENDS:
9 78-23-6, as enacted by Chapter 111, Laws of Utah 1981
10 78-23-7, as enacted by Chapter 111, Laws of Utah 1981
11 Be it enacted by the Legislature of the state of Utah:
12 Section 1. Section 78-23-6 is amended to read:
13 78-23-6. Property exempt from execution to extent necessary for support.
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15 entitled to exemption of the following property [
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17 (1) money or property received, and rights to receive money or property for alimony or
18 separate maintenance;
19 (2) proceeds or benefits paid or payable on the death of an insured, if the individual was
20 the spouse or a dependent of the insured; and
21 (3) assets held, payments, and amounts payable under a stock bonus, pension,
22 profit-sharing, annuity, or similar plan providing benefits other than by reason of illness or
23 disability.
24 Section 2. Section 78-23-7 is amended to read:
25 78-23-7. Exemption of unmatured life insurance contracts.
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27 unmatured life insurance contracts owned by him. [
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Legislative Review Note
as of 2-7-00 2:29 PM
A limited legal review of this legislation raises no obvious constitutional or statutory concerns.