SB 1904: Viatical Settlements
GENERAL BILL by Atwater ; (CO-INTRODUCERS) Campbell
Viatical Settlements; conforms various provisions to certain governmental reorganization; provides for nonapplication of exemption to viatical settlement investments; provides additional requirements re licensure; revises provisions re viatical settlement provider license continuation; requires annual statements to include audited financial statements & other information; deletes alternative deposit requirement, etc. Amends FS.
Effective Date: Upon becoming law
Last Action: 5/2/2003 Senate - Died in Committee on Banking and Insurance
Bill Text: Web Page | PDF
Last Action: 5/2/2003 Senate - Died in Committee on Banking and Insurance
Bill Text: Web Page | PDF
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Bill History
Date Chamber Action 3/4/2003 Senate • Filed
3/18/2003 Senate • Introduced, referred to Banking and Insurance; Judiciary; Appropriations Subcommittee on General Government; Appropriations -SJ 00194
5/2/2003 Senate • Died in Committee on Banking and Insurance
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SB 1904, Original Filed Version (Current Bill Version) Posted 3/5/2003 at 8:54 PM
Bill Text: Web Page | PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location H 487 Viatical Settlements Hasner Identical Last Action: 5/2/2003 H Died in Committee on Insurance Regulation (IN)
Location:Citations - Statutes (28)
Citation Catchline Location in Bill Location In Bill Help 517.021 Definitions. 517.072 626.989 Investigation by department or Division of Insurance Fraud; compliance; immunity; confidential information; reports to division; division investigator's power of arrest. 626.9911 Definitions. 626.9912 Viatical settlement provider license required; application for license. 626.9913 Viatical settlement provider license continuance; annual report; fees; deposit. 626.9914 Suspension, revocation, or nonrenewal of viatical settlement provider license; grounds; administrative fine. 626.9915 Effect of suspension or revocation of viatical settlement provider license; duration of suspension; reinstatement. 626.9916 Viatical settlement broker license required; application for license. 626.9917 Denial, suspension, revocation, or nonrenewal of viatical settlement broker license; grounds; administrative fine. 626.9918 Effect of suspension or revocation of viatical settlement broker license; duration of suspension; reinstatement. 626.9919 Notice of change of licensee address or name. 626.992 Use of viatical settlement licensed brokers, providers, and sales agents required. 626.9921 Filing of forms; required procedures; approval. 626.9922 Examination. 626.99236 Further disclosures to viatical settlement purchasers. 626.9924 Viatical settlement contracts; procedures; rescission. 626.99245 Conflict of regulation of viaticals. 626.9925 Rules. 626.9926 Rate regulation not authorized. 626.9927 Unfair trade practices; cease and desist; injunctions; civil remedy. 626.99272 Cease and desist orders and fines. 626.99275 Prohibited practices; penalties. 626.99277 False representations; deceptive words. 626.99278 Viatical provider anti-fraud plan. 626.9928 Acquisitions. 626.99285 Applicability of insurance code. 626.99295 Grace period.