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CS/HB 1205: Viatical Settlement Contracts

GENERAL BILL by Insurance and Banking Subcommittee ; Stevenson

Viatical Settlement Contracts; Provides additional prohibited acts related to viatical settlement contracts; revises conditions & requirements in which viatical settlement contracts entered into within a specified period are valid; provides specified acts & transactions relating to stranger-originated life insurance practices are void & enforceable; authorizes challenges to policies obtained through such practices.

Effective Date: upon becoming a law
Last Action: 5/5/2017 Senate - Died in Banking and Insurance, companion bill(s) passed, see CS/CS/CS/HB 1007 (Ch. 2017-178)
Bill Text: PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Appropriations (AP)
  3. Rules (RC)



Bill History

Date Chamber Action
3/2/2017 House • Filed
3/6/2017 House • Referred to Insurance and Banking Subcommittee; Civil Justice and Claims Subcommittee; Commerce Committee -HJ 127
3/7/2017 House • Introduced -HJ 127
3/23/2017 House • PCS on Committee agenda-- Insurance and Banking Subcommittee, 03/27/17, 12:30 pm, Sumner Hall
3/27/2017 House • CS by Insurance and Banking Subcommittee; YEAS 11 NAYS 0 -HJ 522
3/30/2017 House • Pending review of CS under Rule 7.18(c)
• CS by Insurance and Banking Subcommittee read 1st time -HJ 517
3/31/2017 House • Original reference(s) removed: Civil Justice and Claims Subcommittee
• CS referred to Commerce Committee -HJ 528
• Now in Commerce Committee -HJ 528
4/4/2017 House • On Committee agenda-- Commerce Committee, 04/06/17, 1:30 pm, Webster Hall
4/6/2017 House • Favorable by- Commerce Committee; YEAS 17 NAYS 4 -HJ 602
• Placed on Calendar -HJ 602
4/13/2017 House • Placed on Special Order Calendar, 04/18/17
4/18/2017 House • Placed on Special Order Calendar, 04/19/17
4/19/2017 House • Temporarily postponed, on 2nd Reading -HJ 744
4/20/2017 House • Placed on Special Order Calendar, 04/25/17
4/25/2017 House • Read 2nd time -HJ 831
• Amendment(s) adopted (063463, 896111) -HJ 831, 832
• Placed on 3rd reading
4/26/2017 House • Read 3rd time -HJ 873
• CS passed as amended; YEAS 116 NAYS 1 -HJ 873
4/26/2017 Senate • In Messages
• Referred to Banking and Insurance; Appropriations; Rules -SJ 493
• Received -SJ 493
5/5/2017 Senate • Indefinitely postponed and withdrawn from consideration
• Died in Banking and Insurance, companion bill(s) passed, see CS/CS/CS/HB 1007 (Ch. 2017-178)