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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
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Appropriations (AP)
  3. 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5/5/2017 Senate • Indefinitely postponed and withdrawn from consideration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)