CS/SB 650 (2016) -  Viatical Settlements

by Banking and Insurance and Legg
Defining the terms “business of viatical settlements,” “fraudulent viatical settlement act,” and “stranger-originated life insurance practice”; requiring additional information in an annual statement filed by viatical settlement provider licensees; adding an act that warrants the imposition of administrative penalties against viatical settlement provider licensees; requiring viatical settlement providers to provide viators with a disclosure statement before or concurrently with a viator’s execution of a viatical settlement contract, etc.
Effective Date: 07/01/2016
Last Event: 03/11/16 S Died in Appropriations Subcommittee on General Government on Friday, March 11, 2016 6:45 PM

Referred Committees and Committee Actions

Senate Referrals

  • Banking and Insurance
    • On agenda for: 01/26/16 9:00 AM
    • Favorable With Committee Substitute (final action) Votes: Yeas 8   Nays 1
  • Appropriations Subcommittee on General Government
  • Appropriations

Related Bills

Bill Text

Staff Analysis

Chamber Committee
Chamber: Senate Committee: Banking and Insurance 1/28/2016 4:58:27 PM
Chamber: Senate Committee: Banking and Insurance 1/25/2016 7:31:42 AM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: S Died in Appropriations Subcommittee on General Government Time: 03/11/2016 - 6:45 PM Member: Committee: Appropriations Subcommittee on General Government Version: c1
Event: S CS by Banking and Insurance read 1st time -SJ 276 Time: 01/28/2016 - 6:45 PM Member: Committee: Banking and Insurance Version: c1
Event: S Now in Appropriations Subcommittee on General Government -SJ 274 Time: 01/28/2016 - 2:46 PM Member: Committee: Appropriations Subcommittee on General Government Version: c1
Event: S Pending reference review under Rule 4.7(2) - (Committee Substitute) Time: 01/28/2016 - 10:42 AM Member: Committee: Banking and Insurance Version: c1
Event: S CS by Banking and Insurance; YEAS 8 NAYS 1 -SJ 274 Time: 01/26/2016 - 11:37 AM Member: Committee: Banking and Insurance Version: __
Event: S On Committee agenda-- Banking and Insurance, 01/26/16, 9:00 am, 110 Senate Office Building Time: 01/21/2016 - 2:06 PM Member: Committee: Banking and Insurance Version: __
Event: S Introduced -SJ 47 Time: 01/12/2016 - 8:00 AM Member: Committee: Version: __
Event: S Referred to Banking and Insurance; Appropriations Subcommittee on General Government; Appropriations -SJ 47 Time: 11/04/2015 - 11:14 AM Member: Committee: Banking and Insurance Version: __
Event: S Filed Time: 10/27/2015 - 10:44 AM Member: Committee: Version: __