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Title 26 Insurance Code

Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.

Change 1

What to do with it
As published

26-15-133. Retention of proceeds of policy by company.

(a) Any life insurer may hold the proceeds of any life or endowment insurance or annuity contract it issues: (i) Upon the terms and restrictions as to revocation by the insured and control by beneficiaries; (ii) With the exemptions from legal process and the claims of creditors of beneficiaries, other than the insured; and (iii) Upon any other terms and conditions, regardless of the time and manner of payment of proceeds, agreed to in writing by the insurer and the insured or beneficiary. (b) The insurer is not required to segregate funds held under subsection (a) of this section but may hold them as a part of its general corporate assets. (c) The provisions of this section do not impair or affect any rights of creditors under W.S. 26-15-129 or 26-15-132.

Your change, as a redline

26-15-133. Retention of proceeds of policy by company.

(a) Any life insurer may hold the proceeds of any life or endowment insurance or annuity contract it issues: (i) Upon the terms and restrictions as to revocation by the insured and control by beneficiaries; (ii) With the exemptions from legal process and the claims of creditors of beneficiaries, other than the insured; and (iii) Upon any other terms and conditions, regardless of the time and manner of payment of proceeds, agreed to in writing by the insurer and the insured or beneficiary. (b) The insurer is not required to segregate funds held under subsection (a) of this section but may hold them as a part of its general corporate assets. (c) The provisions of this section do not impair or affect any rights of creditors under W.S. 26-15-129 or 26-15-132.

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Who it helps, what it costs, what it fixes. It is what persuades people to support it.

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