CS/CS/SB 1600: Viatical Settlement Contracts
GENERAL BILL by Appropriations ; Banking and Insurance ; Young ; (CO-INTRODUCERS) Broxson
Viatical Settlement Contracts; Providing additional prohibited acts related to viatical settlement contracts; providing that a viatical settlement contract is void and unenforceable by either party if the viatical settlement policy is subject, within a specified timeframe, to a loan secured by an interest in the policy; providing that certain contracts, agreements, arrangements, or transactions relating to stranger-originated life insurance practices are void and unenforceable; authorizing a life insurer to contest policies obtained through such practices, etc.
Effective Date: Upon becoming a law
Last Action: 5/5/2017 Senate - Died in Rules, companion bill(s) passed, see CS/CS/CS/HB 1007 (Ch. 2017-178)
Bill Text: Web Page | PDF
Last Action: 5/5/2017 Senate - Died in Rules, companion bill(s) passed, see CS/CS/CS/HB 1007 (Ch. 2017-178)
Bill Text: Web Page | PDF
Senate Committee References:
- Banking and Insurance (BI)
- Appropriations (AP)
- Rules (RC)
Bill History
| Date | Chamber | Action |
|---|---|---|
| 3/3/2017 | Senate |
• Filed |
| 3/14/2017 | Senate |
• Referred to Banking and Insurance; Appropriations; Rules -SJ 206 |
| 3/15/2017 | Senate |
• Introduced -SJ 206 |
| 3/22/2017 | Senate |
• On Committee agenda-- Banking and Insurance, 03/27/17, 4:00 pm, 110 Senate Office Building |
| 3/27/2017 | Senate |
• CS by Banking and Insurance; YEAS 8 NAYS 1 -SJ 257 |
| 3/28/2017 | Senate |
• Pending reference review under Rule 4.7(2) - (Committee Substitute) |
| 3/29/2017 | Senate |
• Now in Appropriations -SJ 257 • CS by Banking and Insurance read 1st time -SJ 270 |
| 4/17/2017 | Senate |
• On Committee agenda-- Appropriations, 04/20/17, 10:00 am, 412 Knott Building |
| 4/20/2017 | Senate |
• CS/CS by Appropriations; YEAS 17 NAYS 0 -SJ 442 |
| 4/24/2017 | Senate |
• Pending reference review under Rule 4.7(2) - (Committee Substitute) • Now in Rules -SJ 442 |
| 4/25/2017 | Senate |
• CS/CS by Appropriations read 1st time -SJ 451 |
| 5/5/2017 | Senate |
• Indefinitely postponed and withdrawn from consideration • Died in Rules, companion bill(s) passed, see CS/CS/CS/HB 1007 (Ch. 2017-178) |
420836 - Amendment to Amendment (767012)