CS/CS/HB 379 (2016) -  Transfers of Structured Settlement Payment Rights

General Bill by Insurance & Banking Subcommittee and Civil Justice Subcommittee and Santiago
Transfers of Structured Settlement Payment Rights: Revises specified disclosures & notices that are or may be required to be given in order to effect transfers of structured settlement payment rights & payments under such rights; revises time limit by which written response to application for transferring such rights must be filed; provides requirements for filing & contents of application; requires court to hold hearing on application; requires payee to appear in person unless court determines that good cause exists to excuse payee; provides that transferee is solely responsible for compliance with certain requirements; provides that following issuance of court order approving transfer, structured settlement obligor & annuity issuer may rely on order in redirecting certain payments & are released & discharged from certain liability; provides for construction if terms of structured settlement prohibit transfer for payment rights.
Companion Bill passed CS/SB 458 Transfers of Structured Settlement Payment Rights By Banking and Insurance and Richter
Effective Date: upon becoming a law
Last Event: Companion bill(s) passed, see CS/SB 458 (Ch. 2016-45) on Tuesday, February 23, 2016 1:55 PM; HB Laid on Table

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: CS/SB 458 Subject: Transfers of Structured Settlement Payment Rights Relationship: Similar

Bill Text

Staff Analysis

Chamber Committee
Chamber: House Committee: Final Bill Analysis 3/24/2016 3:31:25 PM
Chamber: House Committee: Judiciary Committee 2/10/2016 4:39:48 PM
Chamber: House Committee: Judiciary Committee 2/8/2016 6:01:21 PM
Chamber: House Committee: Insurance & Banking Subcommittee 2/2/2016 9:24:56 AM
Chamber: House Committee: Insurance & Banking Subcommittee 1/30/2016 1:26:06 PM
Chamber: House Committee: Civil Justice Subcommittee 1/19/2016 11:04:07 AM
Chamber: House Committee: Civil Justice Subcommittee 1/12/2016 1:01:14 PM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Laid on Table; companion bill(s) passed, see CS/SB 458 (Ch. 2016-45) Time: 02/23/2016 - 1:55 PM Member: Committee: Version: c2
Event: H Substituted CS/SB 458 Time: 02/23/2016 - 1:55 PM Member: Committee: Version: c2
Event: H Bill added to Special Order Calendar (2/23/2016) Time: 02/19/2016 - 10:03 AM Member: Committee: Version: c2
Event: H Added to Second Reading Calendar Time: 02/10/2016 - 4:41 PM Member: Committee: Version: c2
Event: H Bill released to House Calendar Time: 02/10/2016 - 4:41 PM Member: Committee: Version: c2
Event: H Reported out of Judiciary Committee Time: 02/10/2016 - 4:41 PM Member: Committee: Judiciary Committee Version: c2
Event: H Favorable by Judiciary Committee Time: 02/10/2016 - 4:26 PM Member: Committee: Judiciary Committee Version: c2
Event: H Added to Judiciary Committee agenda Time: 02/08/2016 - 4:03 PM Member: Committee: Judiciary Committee Version: c2
Event: H Now in Judiciary Committee Time: 02/03/2016 - 5:58 PM Member: Committee: Judiciary Committee Version: c2
Event: H Referred to Judiciary Committee Time: 02/03/2016 - 5:58 PM Member: Committee: Judiciary Committee Version: c2
Event: H 1st Reading Time: 02/02/2016 - 11:59 PM Member: Committee: Version: c2
Event: H CS Filed Time: 02/02/2016 - 9:36 AM Member: Committee: Version: c2
Event: H Laid on Table under Rule 7.19(a) Time: 02/02/2016 - 9:36 AM Member: Committee: Version: c1
Event: H Reported out of Insurance & Banking Subcommittee Time: 02/02/2016 - 9:23 AM Member: Committee: Insurance & Banking Subcommittee Version: c1
Event: H Favorable with CS by Insurance & Banking Subcommittee Time: 02/01/2016 - 7:38 PM Member: Committee: Insurance & Banking Subcommittee Version: c1
Event: H Added to Insurance & Banking Subcommittee agenda Time: 01/28/2016 - 4:24 PM Member: Committee: Insurance & Banking Subcommittee Version: c1
Event: H Now in Insurance & Banking Subcommittee Time: 01/21/2016 - 1:47 PM Member: Committee: Insurance & Banking Subcommittee Version: c1
Event: H Referred to Judiciary Committee Time: 01/21/2016 - 1:47 PM Member: Committee: Judiciary Committee Version: c1
Event: H Referred to Insurance & Banking Subcommittee Time: 01/21/2016 - 1:47 PM Member: Committee: Insurance & Banking Subcommittee Version: c1
Event: H 1st Reading Time: 01/19/2016 - 12:05 PM Member: Committee: Version: c1
Event: H CS Filed Time: 01/19/2016 - 11:14 AM Member: Committee: Version: c1
Event: H Laid on Table under Rule 7.19(a) Time: 01/19/2016 - 11:14 AM Member: Committee: Version: __
Event: H Reported out of Civil Justice Subcommittee Time: 01/19/2016 - 11:04 AM Member: Committee: Civil Justice Subcommittee Version: __
Event: H Favorable with CS by Civil Justice Subcommittee Time: 01/13/2016 - 6:01 PM Member: Committee: Civil Justice Subcommittee Version: __
Event: H 1st Reading Time: 01/12/2016 - 8:37 PM Member: Committee: Version: __
Event: H Added to Civil Justice Subcommittee agenda Time: 01/11/2016 - 4:12 PM Member: Committee: Civil Justice Subcommittee Version: __
Event: H Now in Civil Justice Subcommittee Time: 10/30/2015 - 4:11 PM Member: Committee: Civil Justice Subcommittee Version: __
Event: H Referred to Judiciary Committee Time: 10/30/2015 - 4:11 PM Member: Committee: Judiciary Committee Version: __
Event: H Referred to Insurance & Banking Subcommittee Time: 10/30/2015 - 4:11 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Referred to Civil Justice Subcommittee Time: 10/30/2015 - 4:11 PM Member: Committee: Civil Justice Subcommittee Version: __
Event: H Filed Time: 10/16/2015 - 4:13 PM Member: Santiago Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
626.99296 CS/SB 458