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Glossary of Legislative Terms

CS/SB 2412: Viatical Settlements

GENERAL BILL by Banking and Insurance ; Garcia ; (CO-INTRODUCERS) Fasano

Viatical Settlements; specifies nonapplication of certain exemptions to viatical settlement investments; authorizes Financial Services Commission to adopt rules establishing requirements & standards for disclosures & records re viatical settlement investments; requires commission to establish by rule rules of conduct & prohibited business practices for investment advisers & associated persons, etc. Amends Chs. 517, 626, 624.501.

Effective Date: 07/01/2005
 Last Action: 6/15/2005 - Approved by Governor; Chapter No. 2005-237
Bill Text: Web Page | PDF

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  • Bill History

    Date Chamber Action
    3/8/2005 Senate • Filed
    3/23/2005 Senate • Introduced, referred to Banking and Insurance; Judiciary -SJ 00267
    3/31/2005 Senate • On Committee agenda-- Banking and Insurance, 04/05/05, 3:15 pm, 412-K
    4/5/2005 Senate • CS by Banking and Insurance; YEAS 7 NAYS 3 -SJ 00378; CS read first time on 04/07/05 -SJ 00386
    4/7/2005 Senate • Now in Judiciary -SJ 00378
    4/21/2005 Senate • Withdrawn from Judiciary -SJ 00553; Placed on Calendar, on second reading
    4/27/2005 Senate • Placed on Special Order Calendar -SJ 00638; Read second time -SJ 00628; Amendment(s) failed -SJ 00628; Amendment(s) adopted -SJ 00632; Ordered engrossed -SJ 00637
    4/28/2005 Senate • Read third time -SJ 00678; Amendment(s) adopted -SJ 00679; CS passed as amended; YEAS 25 NAYS 15 -SJ 00679
    4/29/2005 House • In Messages
    5/2/2005 House • Received -HJ 01092; Read second and third times -HJ 01093; Substituted for HB 1437 -HJ 01093; CS passed; YEAS 112 NAYS 0 -HJ 01093
    5/2/2005 Senate • Ordered enrolled -SJ 00818
    6/7/2005 • Signed by Officers and presented to Governor
    6/15/2005 • Approved by Governor; Chapter No. 2005-237

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  • CS/SB 2412, Enrolled (Current Bill Version) Posted 5/2/2005 at 10:20 AM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location
    H 1437 (e1) Viatical Settlements Goodlette Similar Last Action: 5/2/2005 H Substituted CS/SB 2412; Laid on Table, Link/Iden/Sim/Compare passed, refer to CS/SB 2412 (Ch. 2005-237) -HJ 01093
    Location:

    Citations - Statutes (35)

    Citation Catchline Location in Bill Location In Bill Help
    517.021 Definitions.
    517.072
    517.081 Registration procedure.
    517.1215
    517.1217
    624.501 Filing, license, appointment, and miscellaneous fees.
    626.015 Definitions.
    626.112 License and appointment required; agents, customer representatives, adjusters, insurance agencies, service representatives, managing general agents.
    626.207 Department rulemaking authority; waiting periods for applicants; penalties against licensees.
    626.331 Number of appointments permitted or required.
    626.611 Grounds for compulsory refusal, suspension, or revocation of agent's, title agency's, adjuster's, customer representative's, service representative's, or managing general agent's license or appointment.
    626.777 Scope of this part.
    626.7845 Prohibition against unlicensed transaction of life insurance.
    626.9911 Definitions.
    626.9912 Viatical settlement provider license required; application for license.
    626.9913 Viatical settlement provider license continuance; annual report; fees; deposit.
    626.9914 Suspension, revocation, or nonrenewal of viatical settlement provider license; grounds; administrative fine.
    626.9916 Viatical settlement broker license required; application for license.
    626.9917 Denial, suspension, revocation, or nonrenewal of viatical settlement broker license; grounds; administrative fine.
    626.99175
    626.9918 Effect of suspension or revocation of viatical settlement broker license; duration of suspension; reinstatement.
    626.9919 Notice of change of licensee address or name.
    626.992 Use of viatical settlement licensed brokers, providers, and sales agents required.
    626.9921 Filing of forms; required procedures; approval.
    626.9922 Examination.
    626.99236 Further disclosures to viatical settlement purchasers.
    626.9925 Rules.
    626.9926 Rate regulation not authorized.
    626.9927 Unfair trade practices; cease and desist; injunctions; civil remedy.
    626.99275 Prohibited practices; penalties.
    626.99277 False representations; deceptive words.
    626.99278 Viatical provider anti-fraud plan.
    626.9928 Acquisitions.
    626.99285 Applicability of insurance code.
    626.99295 Grace period.

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  • CS/SB 2412, Engrossed 2 Posted 4/28/2005 at 3:56 PM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Floor Votes (1)

    Date Chamber Result
    5/2/2005 9:21 AM House 112 Yeas - 0 Nays

    Citations - Statutes (35)

    Citation Catchline Location in Bill Location In Bill Help
    517.021 Definitions.
    517.072
    517.081 Registration procedure.
    517.1215
    517.1217
    624.501 Filing, license, appointment, and miscellaneous fees.
    626.015 Definitions.
    626.112 License and appointment required; agents, customer representatives, adjusters, insurance agencies, service representatives, managing general agents.
    626.207 Department rulemaking authority; waiting periods for applicants; penalties against licensees.
    626.331 Number of appointments permitted or required.
    626.611 Grounds for compulsory refusal, suspension, or revocation of agent's, title agency's, adjuster's, customer representative's, service representative's, or managing general agent's license or appointment.
    626.777 Scope of this part.
    626.7845 Prohibition against unlicensed transaction of life insurance.
    626.9911 Definitions.
    626.9912 Viatical settlement provider license required; application for license.
    626.9913 Viatical settlement provider license continuance; annual report; fees; deposit.
    626.9914 Suspension, revocation, or nonrenewal of viatical settlement provider license; grounds; administrative fine.
    626.9916 Viatical settlement broker license required; application for license.
    626.9917 Denial, suspension, revocation, or nonrenewal of viatical settlement broker license; grounds; administrative fine.
    626.99175
    626.9918 Effect of suspension or revocation of viatical settlement broker license; duration of suspension; reinstatement.
    626.9919 Notice of change of licensee address or name.
    626.992 Use of viatical settlement licensed brokers, providers, and sales agents required.
    626.9921 Filing of forms; required procedures; approval.
    626.9922 Examination.
    626.99236 Further disclosures to viatical settlement purchasers.
    626.9925 Rules.
    626.9926 Rate regulation not authorized.
    626.9927 Unfair trade practices; cease and desist; injunctions; civil remedy.
    626.99275 Prohibited practices; penalties.
    626.99277 False representations; deceptive words.
    626.99278 Viatical provider anti-fraud plan.
    626.9928 Acquisitions.
    626.99285 Applicability of insurance code.
    626.99295 Grace period.

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  • CS/SB 2412, Engrossed 1 Posted 4/27/2005 at 6:45 PM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Floor Amendments (1)

    Amendment Sponsor Filed Last Floor Action Format
    095000 - Amendment
    		Garcia 4/28/2005
    1:09 PM     		Senate: Adopted
    4/28/2005     		Web Page
    PDF

    Floor Votes (1)

    Date Chamber Result
    4/28/2005 3:26 PM Senate 25 Yeas - 15 Nays

    Citations - Statutes (35)

    Citation Catchline Location in Bill Location In Bill Help
    517.021 Definitions.
    517.072
    517.081 Registration procedure.
    517.1215
    517.1217
    624.501 Filing, license, appointment, and miscellaneous fees.
    626.015 Definitions.
    626.112 License and appointment required; agents, customer representatives, adjusters, insurance agencies, service representatives, managing general agents.
    626.207 Department rulemaking authority; waiting periods for applicants; penalties against licensees.
    626.331 Number of appointments permitted or required.
    626.611 Grounds for compulsory refusal, suspension, or revocation of agent's, title agency's, adjuster's, customer representative's, service representative's, or managing general agent's license or appointment.
    626.777 Scope of this part.
    626.7845 Prohibition against unlicensed transaction of life insurance.
    626.9911 Definitions.
    626.9912 Viatical settlement provider license required; application for license.
    626.9913 Viatical settlement provider license continuance; annual report; fees; deposit.
    626.9914 Suspension, revocation, or nonrenewal of viatical settlement provider license; grounds; administrative fine.
    626.9916 Viatical settlement broker license required; application for license.
    626.9917 Denial, suspension, revocation, or nonrenewal of viatical settlement broker license; grounds; administrative fine.
    626.99175
    626.9918 Effect of suspension or revocation of viatical settlement broker license; duration of suspension; reinstatement.
    626.9919 Notice of change of licensee address or name.
    626.992 Use of viatical settlement licensed brokers, providers, and sales agents required.
    626.9921 Filing of forms; required procedures; approval.
    626.9922 Examination.
    626.99236 Further disclosures to viatical settlement purchasers.
    626.9925 Rules.
    626.9926 Rate regulation not authorized.
    626.9927 Unfair trade practices; cease and desist; injunctions; civil remedy.
    626.99275 Prohibited practices; penalties.
    626.99277 False representations; deceptive words.
    626.99278 Viatical provider anti-fraud plan.
    626.9928 Acquisitions.
    626.99285 Applicability of insurance code.
    626.99295 Grace period.

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  • CS/SB 2412, Committee Substitute 1 Posted 4/7/2005 at 3:12 PM

    Bill Text:   Web Page | PDF
    Analyses:   Banking and Insurance (Post-Meeting) 4/6/2005 (pdf)

    Floor Amendments (8)

    Amendment Sponsor Filed Last Floor Action Format
    750484 - Amendment
    		Posey 4/27/2005
    11:02 AM     		Senate: Failed
    4/27/2005     		Web Page
    PDF
    751566 - Amendment
    		Garcia 4/27/2005
    1:02 PM     		Senate: Adopted
    4/27/2005     		Web Page
    PDF
    684410 - Amendment
    		Garcia 4/27/2005
    1:04 PM     		Senate: Adopted
    4/27/2005     		Web Page
    PDF
    380218 - Amendment
    		Garcia 4/27/2005
    1:05 PM     		Senate: Adopted
    4/27/2005     		Web Page
    PDF
    242896 - Amendment
    		Garcia 4/27/2005
    1:07 PM     		Senate: Adopted
    4/27/2005     		Web Page
    PDF
    150506 - Amendment
    		Garcia 4/27/2005
    1:09 PM     		Senate: Adopted
    4/27/2005     		Web Page
    PDF
    hierarchy 820450 - Amendment to Amendment (150506)
    		Posey 4/27/2005
    3:34 PM     		Senate: Adopted
    4/27/2005     		Web Page
    PDF
    473486 - Amendment
    		Garcia 4/27/2005
    1:21 PM     		Senate: Adopted
    4/27/2005     		Web Page
    PDF

    Floor Votes (1)

    Date Chamber Result
    4/27/2005 4:45 PM Senate - Amendment 750484 16 Yeas - 24 Nays

    Citations - Statutes (34)

    Citation Catchline Location in Bill Location In Bill Help
    517.021 Definitions.
    517.072
    517.081 Registration procedure.
    517.1215
    517.1217
    624.501 Filing, license, appointment, and miscellaneous fees.
    626.015 Definitions.
    626.112 License and appointment required; agents, customer representatives, adjusters, insurance agencies, service representatives, managing general agents.
    626.207 Department rulemaking authority; waiting periods for applicants; penalties against licensees.
    626.331 Number of appointments permitted or required.
    626.611 Grounds for compulsory refusal, suspension, or revocation of agent's, title agency's, adjuster's, customer representative's, service representative's, or managing general agent's license or appointment.
    626.777 Scope of this part.
    626.7845 Prohibition against unlicensed transaction of life insurance.
    626.9911 Definitions.
    626.9912 Viatical settlement provider license required; application for license.
    626.9913 Viatical settlement provider license continuance; annual report; fees; deposit.
    626.9914 Suspension, revocation, or nonrenewal of viatical settlement provider license; grounds; administrative fine.
    626.9916 Viatical settlement broker license required; application for license.
    626.9917 Denial, suspension, revocation, or nonrenewal of viatical settlement broker license; grounds; administrative fine.
    626.9918 Effect of suspension or revocation of viatical settlement broker license; duration of suspension; reinstatement.
    626.9919 Notice of change of licensee address or name.
    626.992 Use of viatical settlement licensed brokers, providers, and sales agents required.
    626.9921 Filing of forms; required procedures; approval.
    626.9922 Examination.
    626.99236 Further disclosures to viatical settlement purchasers.
    626.9925 Rules.
    626.9926 Rate regulation not authorized.
    626.9927 Unfair trade practices; cease and desist; injunctions; civil remedy.
    626.99275 Prohibited practices; penalties.
    626.99277 False representations; deceptive words.
    626.99278 Viatical provider anti-fraud plan.
    626.9928 Acquisitions.
    626.99285 Applicability of insurance code.
    626.99295 Grace period.

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  • SB 2412, Original Filed Version Posted 3/8/2005 at 10:30 AM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    693710 - Amendment
    		Banking and Insurance
    (Garcia)     		4/4/2005
    3:08 PM     		Web Page
    PDF

    Committee Votes (1)

    Date Committee Result
    4/5/2005 3:15 PM Banking and Insurance 7 Yeas - 3 Nays

    Citations - Statutes (6)

    Citation Catchline Location in Bill Location In Bill Help
    517.021 Definitions.
    517.072
    517.081 Registration procedure.
    517.1215
    517.1217
    626.9911 Definitions.

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