CS/SB 1956: Viatical Settlements
GENERAL BILL by Banking and Insurance ; Lee ; (CO-INTRODUCERS) Geller
Viatical Settlements; redefines terms "viatical settlement contract," "viatical settlement provider," "viator," "related provider trust," & "viatical settlement purchaser"; provides for disclosure to viatical settlement purchasers; requires notice of transfer of ownership or change in beneficiary within specified period of time; provides for grace period for unlicensed viatical settlement providers & viatical settlement brokers, etc. Amends Ch. 626. APPROPRIATION: $250,000.
Last Action: 6/20/2000 - Approved by Governor; Chapter No. 2000-344
Bill Text: Web Page | PDF
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Bill History
Date Chamber Action 3/7/2000 Senate • Filed
3/9/2000 Senate • Introduced, referred to Banking and Insurance -SJ 00179
3/29/2000 Senate • On Committee agenda-- Banking and Insurance, 04/03/00, 1:00 pm, 110-S --Temporarily postponed
4/5/2000 Senate • On Committee agenda-- Banking and Insurance, 04/10/00, 2:00 pm, 110-S
4/10/2000 Senate • Comm. Action:-CS by Banking and Insurance; YEAS 7 NAYS 2 -SJ 00447; CS read first time on 04/12/00 -SJ 00450
4/12/2000 Senate • Placed on Calendar -SJ 00447
4/27/2000 Senate • Placed on Special Order Calendar -SJ 00520; Read second time -SJ 00565; Amendment(s) adopted -SJ 00565; Ordered engrossed -SJ 00565
5/2/2000 Senate • Read third time -SJ 00751; Amendment(s) adopted -SJ 00751; CS passed as amended; YEAS 40 NAYS 0 -SJ 00751
5/2/2000 House • In Messages
5/4/2000 House • Received -HJ 01589; Read second and third times -HJ 01589; CS passed; YEAS 113 NAYS 0 -HJ 01589
5/4/2000 Senate • Ordered enrolled -SJ 01153
6/8/2000 • Signed by Officers and presented to Governor
6/20/2000 • Approved by Governor; Chapter No. 2000-344
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CS/SB 1956, Enrolled (Current Bill Version) Posted 8/25/2000 at 4:12 PM
Bill Text: Web Page | PDF Analyses: None Related Bills (2)
Bill Number Subject Filed By Relationship Last Action and Location S 1232 (c1) Viatical Settlements Geller Similar Last Action: 5/5/2000 S Died in Committee on Governmental Oversight and Productivity, Iden./Sim./Compare Bill(s) passed, refer to CS/SB 1956 (Ch. 2000-344)
Location:H 2323 Viatical Settlements Gay Compare Last Action: 5/5/2000 H Died on Calendar, Iden./Sim./Compare Bill(s) passed, refer to CS/SB 1956 (Ch. 2000-344)
Location:Citations - Statutes (14)
Citation Catchline Location in Bill Location In Bill Help 626.9911 Definitions. 626.9912 Viatical settlement provider license required; application for license. 626.9915 Effect of suspension or revocation of viatical settlement provider license; duration of suspension; reinstatement. 626.9921 Filing of forms; required procedures; approval. 626.9922 Examination. 626.99236 626.9924 Viatical settlement contracts; procedures; rescission. 626.99245 626.9925 Rules. 626.99275 Prohibited practices. 626.99278 626.99285 626.99287 626.99295 -
CS/SB 1956, Engrossed 2 Posted 8/25/2000 at 4:12 PM
Bill Text: Web Page | PDF Analyses: Insurance (Post-Meeting) 6/21/2000 (pdf)
Floor Votes (2)
Date Chamber Result 5/2/2000 2:37 PM Senate 40 Yeas - 0 Nays 5/4/2000 4:13 PM House 113 Yeas - 0 Nays Citations - Statutes (14)
Citation Catchline Location in Bill Location In Bill Help 626.9911 Definitions. 626.9912 Viatical settlement provider license required; application for license. 626.9915 Effect of suspension or revocation of viatical settlement provider license; duration of suspension; reinstatement. 626.9921 Filing of forms; required procedures; approval. 626.9922 Examination. 626.99236 626.9924 Viatical settlement contracts; procedures; rescission. 626.99245 626.9925 Rules. 626.99275 Prohibited practices. 626.99278 626.99285 626.99287 626.99295 -
CS/SB 1956, Engrossed 1 Posted 8/25/2000 at 4:12 PM
Bill Text: Web Page | PDF Analyses: None Floor Amendments (1)
Amendment Sponsor Filed Last Floor Action Format 213104 - Amendment
Lee 5/3/2000
5:03 AMWeb Page
PDFCitations - Statutes (14)
Citation Catchline Location in Bill Location In Bill Help 626.9911 Definitions. 626.9912 Viatical settlement provider license required; application for license. 626.9915 Effect of suspension or revocation of viatical settlement provider license; duration of suspension; reinstatement. 626.9921 Filing of forms; required procedures; approval. 626.9922 Examination. 626.99236 626.9924 Viatical settlement contracts; procedures; rescission. 626.99245 626.9925 Rules. 626.99275 Prohibited practices. 626.99278 626.99285 626.99287 626.99295 -
CS/SB 1956, Committee Substitute 1 Posted 8/25/2000 at 4:12 PM
Bill Text: Web Page | PDF Analyses: Banking and Insurance (Post-Meeting) 4/10/2000 (pdf)
Floor Amendments (9)
Amendment Sponsor Filed Last Floor Action Format 205506 - Amendment
Lee 4/28/2000
3:54 AMWeb Page
PDF381852 - Amendment
Lee 4/28/2000
3:57 AMWeb Page
PDF475146 - Amendment
Lee 4/28/2000
3:59 AMWeb Page
PDF485872 - Amendment
Lee 4/28/2000
4:00 AMWeb Page
PDF615222 - Amendment
Lee 4/28/2000
4:01 AMWeb Page
PDF681830 - Amendment
Lee 4/28/2000
4:01 AMWeb Page
PDF801490 - Amendment
Lee 4/28/2000
4:03 AMWeb Page
PDF803358 - Amendment
Lee 4/28/2000
4:03 AMWeb Page
PDF871842 - Amendment
Lee 4/28/2000
4:04 AMWeb Page
PDFCitations - Statutes (13)
Citation Catchline Location in Bill Location In Bill Help 626.9911 Definitions. 626.9912 Viatical settlement provider license required; application for license. 626.9921 Filing of forms; required procedures; approval. 626.9922 Examination. 626.99236 626.9924 Viatical settlement contracts; procedures; rescission. 626.99245 626.9925 Rules. 626.99275 Prohibited practices. 626.99278 626.99285 626.99287 626.99295 -
SB 1956, Original Filed Version Posted 8/25/2000 at 4:12 PM