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Glossary of Legislative Terms

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

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  • 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

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  • CS/SB 1956, Enrolled (Current Bill Version) Posted 8/25/2000 at 4:12 PM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Related Bills (2)

    Bill Number Subject Filed By Relationship Last Action and Location
    S 1232 (c1) Viatical Settlements Geller Similar Last Action: 5/5/2000 S Died in Committee on Governmental Oversight and Productivity, Iden./Sim./Compare Bill(s) passed, refer to CS/SB 1956 (Ch. 2000-344)
    Location:
    H 2323 Viatical Settlements Gay Compare Last Action: 5/5/2000 H Died on Calendar, Iden./Sim./Compare Bill(s) passed, refer to CS/SB 1956 (Ch. 2000-344)
    Location:

    Citations - Statutes (14)

    Citation Catchline Location in Bill Location In Bill Help
    626.9911 Definitions.
    626.9912 Viatical settlement provider license required; application for license.
    626.9915 Effect of suspension or revocation of viatical settlement provider license; duration of suspension; reinstatement.
    626.9921 Filing of forms; required procedures; approval.
    626.9922 Examination.
    626.99236
    626.9924 Viatical settlement contracts; procedures; rescission.
    626.99245
    626.9925 Rules.
    626.99275 Prohibited practices.
    626.99278
    626.99285
    626.99287
    626.99295

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  • CS/SB 1956, Engrossed 2 Posted 8/25/2000 at 4:12 PM

    Bill Text:   Web Page | PDF
    Analyses:   Insurance (Post-Meeting) 6/21/2000 (pdf)

    Floor Votes (2)

    Date Chamber Result
    5/2/2000 2:37 PM Senate 40 Yeas - 0 Nays
    5/4/2000 4:13 PM House 113 Yeas - 0 Nays

    Citations - Statutes (14)

    Citation Catchline Location in Bill Location In Bill Help
    626.9911 Definitions.
    626.9912 Viatical settlement provider license required; application for license.
    626.9915 Effect of suspension or revocation of viatical settlement provider license; duration of suspension; reinstatement.
    626.9921 Filing of forms; required procedures; approval.
    626.9922 Examination.
    626.99236
    626.9924 Viatical settlement contracts; procedures; rescission.
    626.99245
    626.9925 Rules.
    626.99275 Prohibited practices.
    626.99278
    626.99285
    626.99287
    626.99295

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  • CS/SB 1956, Engrossed 1 Posted 8/25/2000 at 4:12 PM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Floor Amendments (1)

    Amendment Sponsor Filed Last Floor Action Format
    213104 - Amendment
    		Lee 5/3/2000
    5:03 AM     		Web Page
    PDF

    Citations - Statutes (14)

    Citation Catchline Location in Bill Location In Bill Help
    626.9911 Definitions.
    626.9912 Viatical settlement provider license required; application for license.
    626.9915 Effect of suspension or revocation of viatical settlement provider license; duration of suspension; reinstatement.
    626.9921 Filing of forms; required procedures; approval.
    626.9922 Examination.
    626.99236
    626.9924 Viatical settlement contracts; procedures; rescission.
    626.99245
    626.9925 Rules.
    626.99275 Prohibited practices.
    626.99278
    626.99285
    626.99287
    626.99295

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  • CS/SB 1956, Committee Substitute 1 Posted 8/25/2000 at 4:12 PM

    Bill Text:   Web Page | PDF
    Analyses:   Banking and Insurance (Post-Meeting) 4/10/2000 (pdf)

    Floor Amendments (9)

    Amendment Sponsor Filed Last Floor Action Format
    205506 - Amendment
    		Lee 4/28/2000
    3:54 AM     		Web Page
    PDF
    381852 - Amendment
    		Lee 4/28/2000
    3:57 AM     		Web Page
    PDF
    475146 - Amendment
    		Lee 4/28/2000
    3:59 AM     		Web Page
    PDF
    485872 - Amendment
    		Lee 4/28/2000
    4:00 AM     		Web Page
    PDF
    615222 - Amendment
    		Lee 4/28/2000
    4:01 AM     		Web Page
    PDF
    681830 - Amendment
    		Lee 4/28/2000
    4:01 AM     		Web Page
    PDF
    801490 - Amendment
    		Lee 4/28/2000
    4:03 AM     		Web Page
    PDF
    803358 - Amendment
    		Lee 4/28/2000
    4:03 AM     		Web Page
    PDF
    871842 - Amendment
    		Lee 4/28/2000
    4:04 AM     		Web Page
    PDF

    Citations - Statutes (13)

    Citation Catchline Location in Bill Location In Bill Help
    626.9911 Definitions.
    626.9912 Viatical settlement provider license required; application for license.
    626.9921 Filing of forms; required procedures; approval.
    626.9922 Examination.
    626.99236
    626.9924 Viatical settlement contracts; procedures; rescission.
    626.99245
    626.9925 Rules.
    626.99275 Prohibited practices.
    626.99278
    626.99285
    626.99287
    626.99295

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  • SB 1956, Original Filed Version Posted 8/25/2000 at 4:12 PM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Citations - Statutes (3)

    Citation Catchline Location in Bill Location In Bill Help
    626.9922 Examination.
    626.9924 Viatical settlement contracts; procedures; rescission.
    626.99275 Prohibited practices.

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