CS/HB 1205 (2017) -  Viatical Settlement Contracts

General Bill by Insurance & Banking Subcommittee and Stevenson
Viatical Settlement Contracts: Provides additional prohibited acts related to viatical settlement contracts; revises conditions & requirements in which viatical settlement contracts entered into within a specified period are valid; provides specified acts & transactions relating to stranger-originated life insurance practices are void & enforceable; authorizes challenges to policies obtained through such practices.
Effective Date: upon becoming a law
Last Event: 05/05/17 S Died in Banking and Insurance, companion bill(s) passed, see CS/CS/CS/HB 1007 (Ch. 2017-178) on Friday, May 5, 2017 11:59 PM
Date Available for Final Passage: Thursday, April 27, 2017 3:00 PM

Referred Committees and Committee Actions

House Referrals

Senate Referrals

  • Banking and Insurance
  • Appropriations
  • Rules

Related Bills

Bill # Subject Relationship
Bill #: CS/CS/SB 1600 Subject: Viatical Settlement Contracts Relationship: Similar
Bill #: CS/CS/CS/HB 1007 Subject: Prohibited Insurance Acts Relationship: Compare
Bill #: CS/CS/SB 1012 Subject: Insurance Fraud Relationship: Compare

Bill Text

  • Engrossed 1
  • Committee Substitute 1
    • A 312437 , Stevenson Date Filed: 04/14/17, Line#: 107 House: Withdrawn 04/21/2017 03:29 PM
    • A 896111 , Stevenson Date Filed: 04/14/17, Line#: 175 House: Adopted 04/25/2017 02:58 PM
    • A 257657 , Stevenson Date Filed: 04/14/17, Line#: 188 House: Withdrawn 04/21/2017 03:30 PM
    • AA 151081 , Stevenson Date Filed: 04/14/17, Line#: 31 House: Withdrawn 04/21/2017 03:30 PM
    • A 063463 , Stevenson Date Filed: 04/21/17, Line#: 188 House: Adopted 04/25/2017 03:00 PM
    • A 860845 , Stevenson Date Filed: 04/14/17, Line#: 280 House: Withdrawn 04/21/2017 03:30 PM
  • PCS for HB 1205 (IBS) Date Published: 03/23/17
  • Original Filed Version

Staff Analysis

Chamber Committee
Chamber: House Committee: Commerce Committee 4/6/2017 8:09:55 PM
Chamber: House Committee: Commerce Committee 4/4/2017 7:12:20 PM
Chamber: House Committee: Insurance & Banking Subcommittee 3/30/2017 8:06:11 AM
Chamber: House Committee: Insurance & Banking Subcommittee 3/24/2017 4:54:38 PM

Vote History

Chamber Date Yeas Nays Action Action 2 Vote Detail Barcode
Chamber: House Date: 04/26/2017 02:08 PM   Yeas: 116 Nays: 1 Action: Action 2: Passage Vote Detail: Vote [Seq# 248] Barcode:

Bill History

Event Time Member Committee Ver.
Event: S Died in Banking and Insurance, companion bill(s) passed, see CS/CS/CS/HB 1007 (Ch. 2017-178) Time: 05/05/2017 - 11:59 PM Member: Committee: Banking and Insurance Version: e1
Event: S Indefinitely postponed and withdrawn from consideration Time: 05/05/2017 - 11:59 PM Member: Committee: Version: e1
Event: S Received -SJ 493 Time: 04/26/2017 - 7:50 PM Member: Committee: Version: e1
Event: S Referred to Banking and Insurance; Appropriations; Rules -SJ 493 Time: 04/26/2017 - 5:46 PM Member: Committee: Banking and Insurance Version: e1
Event: S In Messages Time: 04/26/2017 - 4:53 PM Member: Committee: Version: e1
Event: H Message sent to senate Time: 04/26/2017 - 4:41 PM Member: Committee: Version: e1
Event: H CS passed as amended; YEAS 116, NAYS 1 Time: 04/26/2017 - 2:08 PM Member: Committee: Version: e1
Event: H Read 3rd time Time: 04/26/2017 - 2:08 PM Member: Committee: Version: e1
Event: H Added to Third Reading Calendar Time: 04/25/2017 - 4:40 PM Member: Committee: Version: c1
Event: H Placed on 3rd reading Time: 04/25/2017 - 3:00 PM Member: Committee: Version: c1
Event: H Amendment 063463 adopted Time: 04/25/2017 - 2:59 PM Member: Committee: Version: c1
Event: H Amendment 896111 adopted Time: 04/25/2017 - 2:58 PM Member: Committee: Version: c1
Event: H Read 2nd time Time: 04/25/2017 - 2:52 PM Member: Committee: Version: c1
Event: H Amendment 063463 filed Time: 04/21/2017 - 3:52 PM Member: Committee: Version: c1
Event: H Amendment 860845 withdrawn Time: 04/21/2017 - 3:30 PM Member: Committee: Version: c1
Event: H Amendment 151081 withdrawn Time: 04/21/2017 - 3:30 PM Member: Committee: Version: c1
Event: H Amendment 257657 withdrawn Time: 04/21/2017 - 3:30 PM Member: Committee: Version: c1
Event: H Amendment 312437 withdrawn Time: 04/21/2017 - 3:29 PM Member: Committee: Version: c1
Event: H Bill added to Special Order Calendar (4/25/2017) Time: 04/20/2017 - 7:42 PM Member: Committee: Version: c1
Event: H Added to Second Reading Calendar Time: 04/19/2017 - 6:16 PM Member: Committee: Version: c1
Event: H Temporarily postponed, on 2nd Reading Time: 04/19/2017 - 5:20 PM Member: Committee: Version: c1
Event: H Bill added to Special Order Calendar (4/19/2017) Time: 04/18/2017 - 6:03 PM Member: Committee: Version: c1
Event: H Amendment 151081 filed Time: 04/14/2017 - 6:59 PM Member: Committee: Version: c1
Event: H Amendment 860845 filed Time: 04/14/2017 - 3:45 PM Member: Committee: Version: c1
Event: H Amendment 257657 filed Time: 04/14/2017 - 3:44 PM Member: Committee: Version: c1
Event: H Amendment 896111 filed Time: 04/14/2017 - 3:43 PM Member: Committee: Version: c1
Event: H Amendment 312437 filed Time: 04/14/2017 - 3:43 PM Member: Committee: Version: c1
Event: H Bill added to Special Order Calendar (4/18/2017) Time: 04/13/2017 - 7:00 PM Member: Committee: Version: c1
Event: H Added to Second Reading Calendar Time: 04/06/2017 - 8:47 PM Member: Committee: Version: c1
Event: H Bill released to House Calendar Time: 04/06/2017 - 8:47 PM Member: Committee: Version: c1
Event: H Reported out of Commerce Committee Time: 04/06/2017 - 8:47 PM Member: Committee: Commerce Committee Version: c1
Event: H Favorable by Commerce Committee Time: 04/06/2017 - 8:17 PM Member: Committee: Commerce Committee Version: c1
Event: H Added to Commerce Committee agenda Time: 04/04/2017 - 4:21 PM Member: Committee: Commerce Committee Version: c1
Event: H Now in Commerce Committee Time: 03/31/2017 - 4:45 PM Member: Committee: Commerce Committee Version: c1
Event: H Referred to Commerce Committee Time: 03/31/2017 - 4:45 PM Member: Committee: Commerce Committee Version: c1
Event: H 1st Reading Time: 03/30/2017 - 7:25 PM Member: Committee: Version: c1
Event: H CS Filed Time: 03/30/2017 - 8:59 AM Member: Committee: Version: c1
Event: H Laid on Table under Rule 7.18(a) Time: 03/30/2017 - 8:59 AM Member: Committee: Version: __
Event: H Reported out of Insurance & Banking Subcommittee Time: 03/30/2017 - 8:05 AM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Favorable with CS by Insurance & Banking Subcommittee Time: 03/27/2017 - 5:03 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H PCS added to Insurance & Banking Subcommittee agenda Time: 03/23/2017 - 4:09 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H 1st Reading Time: 03/07/2017 - 10:58 PM Member: Committee: Version: __
Event: H Now in Insurance & Banking Subcommittee Time: 03/06/2017 - 9:49 AM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Referred to Commerce Committee Time: 03/06/2017 - 9:49 AM Member: Committee: Commerce Committee Version: __
Event: H Referred to Civil Justice & Claims Subcommittee Time: 03/06/2017 - 9:49 AM Member: Committee: Civil Justice & Claims Subcommittee Version: __
Event: H Referred to Insurance & Banking Subcommittee Time: 03/06/2017 - 9:49 AM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Filed Time: 03/02/2017 - 5:04 PM Member: Stevenson Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
626.9911 CS/CS/CS/HB 1007, CS/CS/SB 1012, CS/CS/SB 1600
626.9924 CS/CS/CS/HB 1007, CS/CS/SB 1012, CS/CS/SB 1600
626.99245 CS/CS/CS/HB 1007, CS/CS/SB 1012, CS/CS/SB 1600
626.99275 CS/CS/CS/HB 1007, CS/CS/SB 1012, CS/CS/SB 1600
626.99287 CS/CS/CS/HB 1007, CS/CS/SB 1012, CS/CS/SB 1600
626.99289 CS/CS/CS/HB 1007, CS/CS/SB 1012, CS/CS/SB 1600
626.99290 CS/CS/SB 1600*

(*) Not the latest version