Louisiana 2022 2022 Regular Session

Louisiana House Bill HB213 Comm Sub / Analysis

                    DIGEST
The digest printed below was prepared by House Legislative Services.  It constitutes no part of the
legislative instrument.  The keyword, one-liner, abstract, and digest do not constitute part of the law
or proof or indicia of legislative intent.  [R.S. 1:13(B) and 24:177(E)]
HB 213 Original	2022 Regular Session	Gregory Miller
Abstract:  Provides for the automatic revocation of certain beneficiary designations for retirement
accounts and life insurance policies upon divorce.
Proposed law (R.S. 9:2449.1) provides for the automatic revocation of any benefit payable to a
former spouse if the parties were divorced after the beneficiary is designated, they remain divorced
at the time of a party's death, and no agreement expressly provides otherwise.
Proposed law also provides a limitation of liability for a payor who does not have actual knowledge
of the divorce and who makes payment in good faith.
Proposed law (R.S. 22:911.1) provides for the automatic revocation of any benefit payable to a
former spouse in a life insurance policy if the parties were divorced after the beneficiary is
designated, they remain divorced at the time of a party's death, and no agreement expressly provides
otherwise.
Proposed law also provides a limitation of liability for a payor who does not have actual knowledge
of the divorce and who makes payment in good faith.
(Adds R.S. 9:2449.1 and R.S. 22:911.1)