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Glossary of Legislative Terms

CS/SB 650: Viatical Settlements

GENERAL BILL by Banking and Insurance ; Legg

Viatical Settlements; Defining the terms “business of viatical settlements,” “fraudulent viatical settlement act,” and “stranger-originated life insurance practice”; requiring additional information in an annual statement filed by viatical settlement provider licensees; adding an act that warrants the imposition of administrative penalties against viatical settlement provider licensees; requiring viatical settlement providers to provide viators with a disclosure statement before or concurrently with a viator’s execution of a viatical settlement contract, etc.

Effective Date: 7/1/2016
 Last Action: 3/11/2016 Senate - Died in Appropriations Subcommittee on General Government
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Appropriations Subcommittee on General Government (AGG)
  3. Appropriations (AP)


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Bill History

Date Chamber Action
10/27/2015 Senate • Filed
11/4/2015 Senate • Referred to Banking and Insurance; Appropriations Subcommittee on General Government; Appropriations -SJ 47
1/12/2016 Senate • Introduced -SJ 47
1/21/2016 Senate • On Committee agenda-- Banking and Insurance, 01/26/16, 9:00 am, 110 Senate Office Building
1/26/2016 Senate • CS by Banking and Insurance; YEAS 8 NAYS 1 -SJ 274
1/28/2016 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
• Now in Appropriations Subcommittee on General Government -SJ 274
• CS by Banking and Insurance read 1st time -SJ 276
3/11/2016 Senate • Died in Appropriations Subcommittee on General Government