HB 667 CS (2005) -  Assets Held in Benefit Plans

General Bill by Altman (CO-SPONSORS) Hukill
Assets Held in Benefit Plans: Exempts tax-exempt funds or accounts from legal process in favor of creditors; provides requirements, criteria, and limitations; provides application; exempts from legal process in favor of creditors or other claimants assets held in qualified tuition programs, health savings accounts, medical savings accounts, Coverdell education savings accounts, or hurricane savings accounts; redefines the term "benefit plan" and defines the term "qualified minor's trust" as used in the Florida Uniform Transfers to Minors Act; includes benefit plans in the types of property that a custodian may be named to receive on behalf of a minor; allows a benefit plan to be transferred to a custodian of a minor who does not have a conservator by an obligor of the minor; raises a threshold above which certain obligor transfers are prohibited; allows a minor's custodian, without court order, to transfer custodial property to a qualified minor's trust; provides implications of the transfer; provides for disposition of benefits under a benefit plan after the death of an owner of or participant in the plan; provides for the parents or natural guardians of a minor child to collect, receive, manage, and dispose of and make elections regarding the proceeds of an annuity contract payable to a minor child or of a benefit plan of which the minor is a beneficiary, participant, or owner, without appointment, authority, or bond, if the proceeds equal less than a specified maximum amount.
Companion Bill passed CS/SB 660 Assets Held in Benefit Plans By Banking and Insurance and Carlton
Effective Date: upon becoming a law.
Last Event: Companion Bill passed, Link/Iden/Sim/Compare passed, refer to CS/SB 660 (Ch. 2005-101) on Wednesday, May 4, 2005 6:09 PM; HB Laid on Table

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: CS/SB 660 Subject: Assets Held in Benefit Plans Relationship: Similar

Bill Text

Staff Analysis

Chamber Committee
Chamber: House Committee: Justice Council 4/23/2005 5:20:35 PM
Chamber: House Committee: Economic Development, Trade & Banking Committee 4/6/2005 11:13:03 AM
Chamber: House Committee: Economic Development, Trade & Banking Committee 3/30/2005 2:57:13 PM
Chamber: House Committee: Civil Justice Committee 3/14/2005 10:39:04 AM
Chamber: House Committee: Civil Justice Committee 3/7/2005 4:44:35 PM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Laid on Table, Link/Iden/Sim/Compare passed, refer to CS/SB 660 (Ch. 2005-101) Time: 05/04/2005 - 6:09 PM Member: Committee: Version: c3
Event: H Substituted CS/SB 660 Time: 05/04/2005 - 6:09 PM Member: Committee: Version: c3
Event: H Added to Second Reading Calendar Time: 04/26/2005 - 6:46 PM Member: Committee: Version: c3
Event: H Bill added to Special Order Calendar (4/26/2005) Time: 04/24/2005 - 5:14 PM Member: Committee: Version: c3
Event: H Added to Second Reading Calendar Time: 04/24/2005 - 4:06 PM Member: Committee: Version: c3
Event: H Bill released to House Calendar Time: 04/24/2005 - 4:06 PM Member: Committee: Version: c3
Event: H Pending review of CS under Rule 6.3 Time: 04/24/2005 - 3:31 PM Member: Committee: Version: c2
Event: H Reported out of Justice Council Time: 04/23/2005 - 5:27 PM Member: Committee: Justice Council Version: c2
Event: H Favorable with CS by Justice Council Time: 04/22/2005 - 10:00 AM Member: Committee: Justice Council Version: c2
Event: H Added to Justice Council agenda Time: 04/21/2005 - 4:02 PM Member: Committee: Justice Council Version: c2
Event: H Now in Justice Council Time: 04/21/2005 - 12:51 PM Member: Committee: Justice Council Version: c2
Event: H Withdrawn from Insurance Committee Time: 04/21/2005 - 12:51 PM Member: Committee: Insurance Committee Version: c2
Event: H Now in Insurance Committee Time: 04/06/2005 - 2:17 PM Member: Committee: Insurance Committee Version: c2
Event: H Remaining referral: Justice Council Time: 04/06/2005 - 2:17 PM Member: Committee: Justice Council Version: c2
Event: H Remaining referral: Insurance Committee Time: 04/06/2005 - 2:17 PM Member: Committee: Insurance Committee Version: c2
Event: H Pending review of CS under Rule 6.3 Time: 04/06/2005 - 11:22 AM Member: Committee: Version: c1
Event: H Reported out of Economic Development, Trade & Banking Committee Time: 04/06/2005 - 11:14 AM Member: Committee: Economic Development, Trade & Banking Committee Version: c1
Event: H Favorable with CS by Economic Development, Trade & Banking Committee Time: 03/31/2005 - 4:45 PM Member: Committee: Economic Development, Trade & Banking Committee Version: c1
Event: H Added to Economic Development, Trade & Banking Committee agenda Time: 03/29/2005 - 12:04 PM Member: Committee: Economic Development, Trade & Banking Committee Version: c1
Event: H Now in Economic Development, Trade & Banking Committee Time: 03/15/2005 - 3:09 PM Member: Committee: Economic Development, Trade & Banking Committee Version: c1
Event: H Remaining referral: Justice Council Time: 03/15/2005 - 3:09 PM Member: Committee: Justice Council Version: c1
Event: H Remaining referral: Insurance Committee Time: 03/15/2005 - 3:09 PM Member: Committee: Insurance Committee Version: c1
Event: H Remaining referral: Economic Development, Trade & Banking Committee Time: 03/15/2005 - 3:09 PM Member: Committee: Economic Development, Trade & Banking Committee Version: c1
Event: H Pending review of CS under Rule 6.3 Time: 03/14/2005 - 10:49 AM Member: Committee: Version: __
Event: H Reported out of Civil Justice Committee Time: 03/14/2005 - 10:25 AM Member: Committee: Civil Justice Committee Version: __
Event: H Favorable with CS by Civil Justice Committee Time: 03/09/2005 - 11:30 AM Member: Committee: Civil Justice Committee Version: __
Event: H Favorable with CS by Civil Justice Committee Time: 03/09/2005 - 11:30 AM Member: Committee: Civil Justice Committee Version: __
Event: H 1st Reading Time: 03/08/2005 - 10:57 PM Member: Committee: Version: __
Event: H Added to Civil Justice Committee agenda Time: 03/07/2005 - 3:28 PM Member: Committee: Civil Justice Committee Version: __
Event: H Now in Civil Justice Committee Time: 02/11/2005 - 2:36 PM Member: Committee: Civil Justice Committee Version:
Event: H Bill referred to committee Time: 02/11/2005 - 2:36 PM Member: Committee: Justice Council Version:
Event: H Bill referred to committee Time: 02/11/2005 - 2:36 PM Member: Committee: Insurance Committee Version:
Event: H Bill referred to committee Time: 02/11/2005 - 2:36 PM Member: Committee: Economic Development, Trade & Banking Committee Version:
Event: H Bill referred to committee Time: 02/11/2005 - 2:36 PM Member: Committee: Civil Justice Committee Version:
Event: H Filed Time: 02/02/2005 - 2:11 PM Member: Altman Committee: Version:

Statutes Referenced by this Bill

Statute Other Bill Citations
222.21 HB 775
222.22
710.102
710.104
710.108
710.116
733.808
744.301 HB 1615 CS