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CS/CS/SB 108: Financial Settlements

GENERAL BILL by Judiciary ; Banking and Insurance ; Geller ; (CO-INTRODUCERS) Dawson

Financial Settlements; revises definitions; provides for approval of forms; provides for applicability; requires certain purchases to be handled by independent third-party trustee; provides requirements for direct or indirect transfer of structured-settlement-payment rights; requires that obligor make certain disclosures to claimant in negotiating settlement of claims, etc. Amends Ch. 626.

Effective Date: 10/01/2001
Last Action: 6/13/2001 - Approved by Governor; Chapter No. 2001-207; See also CS/SB 1530 (Ch. 2001-247), HB 579 (Ch. 2001-198)
Bill Text: Web Page | PDF

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  • Bill History

    Date Chamber Action
    1/2/2001 Senate • Prefiled
    1/11/2001 Senate • Referred to Banking and Insurance; Judiciary
    3/6/2001 Senate • Introduced, referred to Banking and Insurance; Judiciary -SJ 00015; On Committee agenda-- Banking and Insurance, 03/06/01, 2:30 pm, 309-C; CS by Banking and Insurance; YEAS 13 NAYS 0 -SJ 00132; CS read first time on 03/08/01 -SJ 00134
    3/8/2001 Senate • Now in Judiciary -SJ 00132
    3/15/2001 Senate • On Committee agenda-- Judiciary, 03/20/01, 2:00 pm, 412-K
    3/20/2001 Senate • CS/CS by- Judiciary; YEAS 6 NAYS 0 -SJ 00201; CS read first time on 03/21/01 -SJ 00213
    3/21/2001 Senate • Placed on Calendar, on second reading -SJ 00201
    3/27/2001 Senate • Placed on Special Order Calendar -SJ 00228; Read second time -SJ 00239
    3/29/2001 Senate • Read third time -SJ 00267; CS passed; YEAS 38 NAYS 0 -SJ 00267
    4/3/2001 House • In Messages
    4/12/2001 House • Received, placed on Calendar, on second reading -HJ 00509
    4/27/2001 House • Substituted for CS/HB 767 -HJ 01083; Read second time -HJ 01083; Amendment(s) adopted -HJ 01083
    5/2/2001 House • Read third time -HJ 01817; Amendment(s) reconsidered, adopted as amended -HJ 01817; CS passed as amended; YEAS 118 NAYS 0 -HJ 01817
    5/3/2001 Senate • In returning messages
    5/4/2001 Senate • Was taken up -SJ 01487; Concurred -SJ 01490; CS passed as amended; YEAS 39 NAYS 0 -SJ 01490; Ordered engrossed, then enrolled -SJ 01490
    5/29/2001 • Signed by Officers and presented to Governor
    6/13/2001 • Approved by Governor; Chapter No. 2001-207; See also CS/SB 1530 (Ch. 2001-247), HB 579 (Ch. 2001-198)

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  • CS/CS/SB 108, Enrolled (Current Bill Version) Posted 5/7/2001 at 3:57 PM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Related Bills (4)

    Bill Number Subject Filed By Relationship Last Action and Location
    S 1530 (e1) Geller Identical Last Action: 6/15/2001 Approved by Governor; Chapter No. 2001-247; See also CS/CS/SB 108 (Ch. 2001-207)
    Location:
    H 579 (e2) Crow Compare Last Action: 6/8/2001 Approved by Governor; Chapter No. 2001-198; See also CS/CS/SB 108 (Ch. 2001-207)
    Location:
    H 767 (c1) Structured Settlements Ross Compare Last Action: 4/27/2001 H Placed on Special Order Calendar; Senate Bill substituted; Laid on Table, Link/Iden/Sim/Compare passed, refer to CS/CS/SB 108 (Ch. 2001-207); See also HB 579 (Ch. 2001-198), CS/SB 1530 (Ch. 2001-247) -HJ 01083
    Location:
    H 1507 Viatical Settlement Contracts Bennett Compare Last Action: 5/4/2001 H Died in Council on Council for Competitive Commerce, Link/Iden/Sim/Compare passed, refer to CS/CS/SB 108 (Ch. 2001-207), CS/SB 1530 (Ch. 2001-247)
    Location:

    Citations - Statutes (5)

    Citation Catchline Location in Bill Location In Bill Help
    626.9911 Definitions.
    626.9921 Filing of forms; required procedures; approval.
    626.99236 Further disclosures to viatical settlement purchasers.
    626.9924 Viatical settlement contracts; procedures; rescission.
    626.99245 Conflict of regulation of viaticals.

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  • CS/CS/SB 108, Engrossed 1 Posted 5/8/2001 at 3:38 AM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Citations - Statutes (5)

    Citation Catchline Location in Bill Location In Bill Help
    626.9911 Definitions.
    626.9921 Filing of forms; required procedures; approval.
    626.99236 Further disclosures to viatical settlement purchasers.
    626.9924 Viatical settlement contracts; procedures; rescission.
    626.99245 Conflict of regulation of viaticals.

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  • CS/CS/SB 108, Committee Substitute 2 Posted 3/22/2001 at 1:09 AM

    Bill Text:   Web Page | PDF
    Analyses:   Judiciary (Post-Meeting) 3/20/2001 (pdf)
    House Message Summary (pdf)

    Floor Amendments (9)

    Amendment Sponsor Filed Last Floor Action Format
    115801 - Amendment
    Brown 4/16/2001
    7:16 AM
    Web Page
    PDF
    125673 - Amendment
    Brown 4/16/2001
    7:17 AM
    Web Page
    PDF
    523601 - Amendment
    Brown 4/16/2001
    7:17 AM
    Web Page
    PDF
    814595 - Amendment
    Brown 4/16/2001
    7:17 AM
    Web Page
    PDF
    821341 - Amendment
    Brown 4/16/2001
    7:17 AM
    Web Page
    PDF
    234485 - Amendment
    Brown 4/26/2001
    7:54 PM
    Web Page
    PDF
    hierarchy 361393 - Amendment to Amendment (234485)
    Brown 4/30/2001
    4:46 PM
    Web Page
    PDF
    hierarchy 592189 - Amendment to Amendment (234485)
    Brown 5/1/2001
    3:39 PM
    Web Page
    PDF
    983481 - Amendment
    Brown 4/27/2001
    11:18 AM
    Web Page
    PDF

    Floor Votes (3)

    Date Chamber Result
    3/29/2001 2:54 PM Senate 38 Yeas - 0 Nays
    5/2/2001 5:55 PM House 118 Yeas - 0 Nays
    5/4/2001 1:39 PM Senate 39 Yeas - 0 Nays

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  • CS/SB 108, Committee Substitute 1 Posted 3/9/2001 at 1:34 AM

  • SB 108, Original Filed Version Posted 1/3/2001 at 12:49 AM

    Bill Text:   Web Page | PDF
    Analyses:   None

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