2001 Regular Session

SENATE BILL 742

File Code: Insurance - Other than Health
Sponsored By:
Senator Kelley
Entitled:
Insurance - Viatical Settlement Providers and Viatical Settlement Brokers

Synopsis:

Requiring viatical settlement providers and viatical settlement brokers to register with the Insurance Commissioner; establishing registration requirements; applying the Act to a viatical settlement contract between a viator and a viatical settlement provider; requiring the providers and brokers to make specified disclosures in a specified manner to viators; authorizing the Insurance Commissioner to deny a registration to an applicant or refuse to renew, suspend, or revoke a registration; etc.

History by Legislative Date

Senate Action
2/2
First Reading Finance
2/13
Hearing 3/15 at 1:00 p.m.
3/26
Favorable with Amendments Report by Finance
Favorable with Amendments
Laid Over (Senator Hoffman) Adopted
3/27
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/28
Third Reading Passed (44-0)
House Action
3/25
First Reading Economic Matters
3/29
Hearing 4/3 at 1:00 p.m.
4/9
Unfavorable Report by Economic Matters
Bill indexed under the following Subjects:
AGENTS AND BROKERS
CONSUMER PROTECTION -see also- UNFAIR TRADE PRACTICES
DISCLOSURE
DISEASES -see also- AIDS; RABIES
INSURANCE ADMINISTRATION
INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS
LICENSES -see also- ALCOHOLIC BEV LIC; DRIVERS' LICENSES
PENALTIES
REGISTRATION -see also- MOTOR VEHICLE REGISTRATION
RULES AND REGULATIONS
Bill affects the following Statutes:
Insurance
( 8-601 , 8-602 , 8-603 , 8-604 , 8-605 , 8-606 , 8-607 , 8-608 , 8-609 , 8-610 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments:
Senate
Number: 347978/2 (PDF)     Offered on: March 27, 2001   at: 11:27 a.m.     Status: Adopted
Roll Call Vote (Legislative date is shown):
Senate
March 28, 2001: Third Reading Passed (44-0)