CS/CS/SB 1600 (2017) -  Viatical Settlement Contracts

General Bill by Appropriations and Banking and Insurance and Young (CO-SPONSORS) Broxson
Viatical Settlement Contracts: Providing additional prohibited acts related to viatical settlement contracts; providing that a viatical settlement contract is void and unenforceable by either party if the viatical settlement policy is subject, within a specified timeframe, to a loan secured by an interest in the policy; providing that certain contracts, agreements, arrangements, or transactions relating to stranger-originated life insurance practices are void and unenforceable; authorizing a life insurer to contest policies obtained through such practices, etc.
Effective Date: Upon becoming a law
Last Event: 05/05/17 S Died in Rules, companion bill(s) passed, see CS/CS/CS/HB 1007 (Ch. 2017-178) on Friday, May 5, 2017 11:59 PM

Referred Committees and Committee Actions

Senate Referrals

  • Banking and Insurance
    • On agenda for: 03/27/17 4:00 PM
    • Favorable With Committee Substitute (final action) Votes: Yeas 8   Nays 1
  • Appropriations
    • On agenda for: 04/20/17 10:00 AM
    • Favorable With Committee Substitute (final action) Votes: Yeas 17   Nays 0
  • Rules

Related Bills

Bill # Subject Relationship
Bill #: CS/HB 1205 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

  • Committee Substitute 2
  • Committee Substitute 1
    • A 164220 , Appropriations, Young Date Filed: 04/19/17, Line#: 109 Senate(c): Replaced by Committee Substitute 04/20/2017 06:55 PM
    • A 885964 , Appropriations, Young Date Filed: 04/19/17, Line#: 177 Senate(c): Replaced by Committee Substitute 04/20/2017 06:55 PM
    • A 549508 , Appropriations, Young Date Filed: 04/19/17, Line#: 190 Senate(c): Replaced by Committee Substitute 04/20/2017 06:55 PM
    • A 322168 , Appropriations, Young Date Filed: 04/19/17, Line#: 282 Senate(c): Replaced by Committee Substitute 04/20/2017 06:55 PM
  • Original Filed Version
    • D 767012 , Banking and Insurance, Young Date Filed: 03/24/17, Line#: 0 Senate(c): Replaced by Committee Substitute 03/27/2017 06:18 PM
    • AA 420836 , Banking and Insurance, Farmer Date Filed: 03/27/17, Line#: 260 Senate(c): Withdrawn 03/27/2017 06:18 PM

Staff Analysis

Chamber Committee
Chamber: Senate Committee: Appropriations 4/23/2017 8:37:15 PM
Chamber: Senate Committee: Appropriations 4/19/2017 8:12:44 AM
Chamber: Senate Committee: Banking and Insurance 3/28/2017 12:44:48 PM
Chamber: Senate Committee: Banking and Insurance 3/24/2017 3:30:01 PM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: S Died in Rules, companion bill(s) passed, see CS/CS/CS/HB 1007 (Ch. 2017-178) Time: 05/05/2017 - 11:59 PM Member: Committee: Rules Version: c2
Event: S Indefinitely postponed and withdrawn from consideration Time: 05/05/2017 - 11:59 PM Member: Committee: Version: c2
Event: S CS/CS by Appropriations read 1st time -SJ 451 Time: 04/25/2017 - 7:40 PM Member: Committee: Appropriations Version: c2
Event: S Now in Rules -SJ 442 Time: 04/24/2017 - 11:38 AM Member: Committee: Rules Version: c2
Event: S Pending reference review under Rule 4.7(2) - (Committee Substitute) Time: 04/24/2017 - 8:33 AM Member: Committee: Appropriations Version: c2
Event: S CS/CS by Appropriations; YEAS 17 NAYS 0 -SJ 442 Time: 04/20/2017 - 1:46 PM Member: Committee: Appropriations Version: c1
Event: S On Committee agenda-- Appropriations, 04/20/17, 10:00 am, 412 Knott Building Time: 04/17/2017 - 4:54 PM Member: Committee: Appropriations Version: c1
Event: S CS by Banking and Insurance read 1st time -SJ 270 Time: 03/29/2017 - 6:50 PM Member: Committee: Banking and Insurance Version: c1
Event: S Now in Appropriations -SJ 257 Time: 03/29/2017 - 4:59 PM Member: Committee: Appropriations Version: c1
Event: S Pending reference review under Rule 4.7(2) - (Committee Substitute) Time: 03/28/2017 - 1:10 PM Member: Committee: Banking and Insurance Version: c1
Event: S CS by Banking and Insurance; YEAS 8 NAYS 1 -SJ 257 Time: 03/27/2017 - 6:05 PM Member: Committee: Banking and Insurance Version: __
Event: S On Committee agenda-- Banking and Insurance, 03/27/17, 4:00 pm, 110 Senate Office Building Time: 03/22/2017 - 4:19 PM Member: Committee: Banking and Insurance Version: __
Event: S Introduced -SJ 206 Time: 03/15/2017 - 5:34 PM Member: Committee: Version: __
Event: S Referred to Banking and Insurance; Appropriations; Rules -SJ 206 Time: 03/14/2017 - 12:36 PM Member: Committee: Banking and Insurance Version: __
Event: S Filed Time: 03/03/2017 - 10:47 AM Member: Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
626.9911 CS/CS/CS/HB 1007, CS/CS/SB 1012, CS/HB 1205
626.9924 CS/CS/CS/HB 1007, CS/CS/SB 1012, CS/HB 1205
626.99245 CS/CS/CS/HB 1007, CS/CS/SB 1012, CS/HB 1205
626.99275 CS/CS/CS/HB 1007, CS/CS/SB 1012, CS/HB 1205
626.99287 CS/CS/CS/HB 1007, CS/CS/SB 1012, CS/HB 1205
626.99289 CS/CS/CS/HB 1007, CS/CS/SB 1012, CS/HB 1205
626.99291 CS/CS/CS/HB 1007, CS/CS/SB 1012
626.99292 CS/CS/CS/HB 1007, CS/CS/SB 1012