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CS/SB 458: Transfers of Structured Settlement Payment Rights

GENERAL BILL by Banking and Insurance ; Richter

Transfers of Structured Settlement Payment Rights; Revising specified disclosures and notices that are or may be required to be given in order to effect transfers of structured settlement payment rights and payments under such rights; requiring the court to hold a hearing on the application; providing that following issuance of a court order approving the transfer, the structured settlement obligor and annuity issuer may rely on the order in redirecting certain payments and are released and discharged from certain liability, etc.

Effective Date: 3/10/2016
Last Action: 3/10/2016 - Chapter No. 2016-45
Location: Became Law
Bill Text: Web Page | PDF
Senate Committee References:
  1. Judiciary (JU)
  2. Banking and Insurance (BI)
  3. Rules (RC)



Bill History

Date Chamber Action
10/7/2015 Senate • Filed
10/21/2015 Senate • Referred to Judiciary; Banking and Insurance; Rules -SJ 35
11/9/2015 Senate • On Committee agenda-- Judiciary, 11/17/15, 3:30 pm, 110 Senate Office Building
11/17/2015 Senate • Favorable by Judiciary; YEAS 10 NAYS 0 -SJ 125
11/18/2015 Senate • Now in Banking and Insurance -SJ 125
11/23/2015 Senate • On Committee agenda-- Banking and Insurance, 12/01/15, 1:00 pm, 110 Senate Office Building
12/1/2015 Senate • CS by Banking and Insurance; YEAS 11 NAYS 0 -SJ 128
12/2/2015 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
12/3/2015 Senate • Now in Rules -SJ 128
1/11/2016 Senate • On Committee agenda-- Rules, 01/14/16, 10:00 am, 110 Senate Office Building
1/12/2016 Senate • Introduced -SJ 35
• CS by Banking and Insurance read 1st time -SJ 114
1/14/2016 Senate • Favorable by- Rules; YEAS 11 NAYS 0 -SJ 221
1/15/2016 Senate • Placed on Calendar, on 2nd reading -SJ 221
1/19/2016 Senate • Placed on Special Order Calendar, 01/21/16
1/21/2016 Senate • Read 2nd time -SJ 236
• Amendment(s) adopted (514830) -SJ 236
• Ordered engrossed -SJ 236
• Placed on 3rd reading
1/28/2016 Senate • Read 3rd time -SJ 267
• CS passed as amended; YEAS 37 NAYS 0 -SJ 268
2/2/2016 House • In Messages
2/18/2016 House • Referred to Calendar -HJ 502
• Received -HJ 502
2/19/2016 House • Placed on Special Order Calendar, 02/23/16
2/23/2016 House • Substituted for CS/CS/HB 379 -HJ 541
• Read 2nd time -HJ 541
• Placed on 3rd reading
2/24/2016 House • Read 3rd time -HJ 573
• CS passed; YEAS 116 NAYS 0 -HJ 573
3/1/2016 Senate • Ordered enrolled -SJ 521
3/3/2016 • Signed by Officers and presented to Governor -SJ 652
3/10/2016 • Approved by Governor -SJ 992
• Chapter No. 2016-45