PRIOR PRINTER'S NO. 861

PRINTER'S NO. 2904

THE GENERAL ASSEMBLY OF PENNSYLVANIA

HOUSE BILL

No.

875

Session of

2021

INTRODUCED BY IRVIN, BERNSTINE, RYAN, SCHMITT AND WARREN,

MARCH 11, 2021

AS REPORTED FROM COMMITTEE ON JUDICIARY, HOUSE OF

hereby enacts as follows:

Section 1. Section 3323 of Title 23 of the Pennsylvania

Consolidated Statutes is amended by adding a subsection to read:

§ 3323. Decree of court.

* * *

(c) Existing life insurance policies.--A decree of divorce

or annulment of the marriage shall include a provision informing

the parties to update the beneficiary status on an existing life

insurance policy if it is the intention of one of the parties

to keep the other party as a beneficiary on the life insurance

§ 3323. DECREE OF COURT.

* * *

(B) CONTENTS OF DECREE.--A DECREE GRANTING A DIVORCE OR AN

ANNULMENT SHALL INCLUDE, AFTER A FULL HEARING, WHERE THESE

MATTERS ARE RAISED IN ANY PLEADINGS, AN ORDER DETERMINING AND

DISPOSING OF EXISTING PROPERTY RIGHTS AND INTERESTS BETWEEN THE

PARTIES, CUSTODY, PARTIAL CUSTODY AND VISITATION RIGHTS, CHILD

SUPPORT, ALIMONY, REASONABLE ATTORNEY FEES, COSTS AND EXPENSES

AND ANY OTHER RELATED MATTERS, INCLUDING THE ENFORCEMENT OF

AGREEMENTS VOLUNTARILY ENTERED INTO BETWEEN THE PARTIES AND

ACCOMPANIED BY THE INFORMATION REQUIRED UNDER SUBSECTION (B.1).

SHALL INCLUDE A PROVISION INFORMING THE PARTIES TO REAFFIRM OR

CHANGE THE BENEFICIARY STATUS ON AN EXISTING LIFE INSURANCE

POLICY, ANNUITY CONTRACT, PENSION, PROFIT-SHARING PLAN OR OTHER

CONTRACTUAL ARRANGEMENT PROVIDING FOR PAYMENT TO THE SPOUSE IF

IT IS THE INTENTION OF ONE OF THE PARTIES TO KEEP OR CHANGE THE

OTHER PARTY AS A BENEFICIARY. THE PROVISION SHALL ALSO WARN THE

PARTIES THAT FAILURE TO DO SO MAY RESULT IN REVOCATION OF THE

BENEFICIARY DESIGNATION PURSUANT TO 20 PA.C.S. § 6111.2

(RELATING TO EFFECT OF DIVORCE OR PENDING DIVORCE ON DESIGNATION

OF BENEFICIARIES). THE PROVISION SHALL BE A FORM AS MAY BE