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
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:
- Banking and Insurance (BI)
- Appropriations (AP)
- 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) |
151081 - Amendment to Amendment (257657)