HB57 (2009) Detail

Limiting charges against estates for assessing the value of insurance policies and annuities.


HB 57 – AS INTRODUCED

2009 SESSION

09-0132

01/09

HOUSE BILL 57

AN ACT limiting charges against estates for assessing the value of insurance policies and annuities.

SPONSORS: Rep. Daniels, Hills 6

COMMITTEE: Commerce

ANALYSIS

This bill limits charges against estates for assessing the value of insurance policies and annuities.

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Explanation: Matter added to current law appears in bold italics.

Matter removed from current law appears [in brackets and struckthrough.]

Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

09-0132

01/09

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Nine

AN ACT limiting charges against estates for assessing the value of insurance policies and annuities.

Be it Enacted by the Senate and House of Representatives in General Court convened:

1 New Section; Assessment of Certain Insurance Policies and Annuities. Amend RSA 554 by inserting after section 16 the following new section:

554:16-a Assessment of Certain Insurance Policies and Annuities. When assessing whole life insurance policies and annuities for the purposes of value to an estate, the issuing company shall set the value of such policies or annuities. If a third party is called upon to assess the value of such property, the estate shall not be charged for the services of the third party.

2 Effective Date. This act shall take effect January 1, 2010.

Links

HB57 at GenCourtMobile

Action Dates

Date Body Type

Bill Text Revisions

HB57 Revision: 13612 Date: Jan. 12, 2009, midnight

Docket