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Georgia General Assembly > Legislation
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2005-2006 Regular Session - SB 217
Life Settlements Act; protect contractual/property rights of policy owner
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First Reader Summary
A BILL to be entitled an Act to amend Title 33 of the Official Code of Georgia Annotated, relating to insurance, so as to enact the "Life Settlements Act"; to provide a short title; to provide definitions; to provide for the protection of contractual and property rights of a life insurance policy owner to seek a life settlement; to establish consumer protections by providing for the regulation of a life settlement transaction; to provide for the licensing and regulation of a life settlement provider and others involved in a life settlement transaction; to provide for antifraud measures; to provide penalties for certain violations; to provide for related matters; to provide for severability; to provide an effective date; to repeal conflicting laws; and for other purposes.
Status History
Nov/05/2005 - Effective Date
May/09/2005 - Act 326
May/09/2005 - Senate Date Signed by Governor
Apr/14/2005 - Senate Sent to Governor
Mar/22/2005 - House Passed/Adopted
Mar/22/2005 - House Third Readers
Mar/15/2005 - House Committee Favorably Reported
Mar/14/2005 - House Second Readers
Mar/12/2005 - House First Readers
Mar/11/2005 - Senate Passed/Adopted By Substitute
Mar/11/2005 - Senate Third Read
Mar/10/2005 - Senate Read Second Time
Mar/04/2005 - Senate Committee Favorably Reported By Substitute
Feb/22/2005 - Senate Read and Referred
Feb/17/2005 - Senate Hopper
Mar/22/2005 - House Vote #348Yea(162)Nay(0)NV(17)
Past Versions