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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.

Effective Date: 07/01/2000
Last Action: 6/20/2000 - Approved by Governor; Chapter No. 2000-344
Bill Text: Web Page | PDF



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