HOUSE BILL 217

File Code: Insurance - Other than Health Prior Year Introduction As: SB 742/01 - FIN Crossfiled with: SENATE BILL 165

Sponsored By:

Delegate Brown

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

House Action

1/18

First Reading Economic Matters

1/30

Hearing 2/7 at 1:00 p.m.

3/25

Unfavorable Report by Economic Matters

Senate Action

No Action

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

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, Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered