SB 217 - Life Settlements Act; protect contractual/property rights of policy owner
Current Status
05/09/05 - Senate Date Signed by Governor
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.
Votes
Electronically Recorded Votes
| Date |
Time |
Vote No |
Yeas |
Nays |
NV |
Exc |
Description |
| 03/22/05 |
11:17 AM |
House Vote #348 |
162 |
000 |
017 |
001 |
PASS |
Status History
Bill History
| Date |
Action |
| 02/22/2005 |
Senate Read and Referred |
| 03/04/2005 |
Senate Committee Favorably Reported |
| 03/10/2005 |
Senate Read Second Time |
| 03/11/2005 |
Senate Third Read |
| 03/11/2005 |
Senate Passed/Adopted |
| 03/12/2005 |
House First Readers |
| 03/14/2005 |
House Second Readers |
| 03/15/2005 |
House Committee Favorably Reported |
| 03/22/2005 |
House Third Readers |
| 03/22/2005 |
House Passed/Adopted |
| 04/14/2005 |
Senate Sent to Governor |
| 05/09/2005 |
Senate Date Signed by Governor |
| 05/09/2005 |
Act 326 |
| 11/05/2005 |
Effective Date |
