SB 499 - Life Settlements Act; license requirements for providers/brokers
Current Status
03/11/08 - House Second ReadersFirst Reader Summary
A BILL to be entitled an Act to amend Chapter 59 of Title 33 of the O.C.G.A., relating to life settlements, so as to provide a short title; to provide for definitions; to provide for license requirements for providers and brokers; to provide suspension, revocation, and refusal to renew of such licenses; to provide for requirements for life settlement contracts; to provide for certain reporting requirements; to provide for certain privacy requirements; to provide for the examination of licensees; to provide for the authority of the Commissioner of Insurance to investigate persons involved in the life settlement business and in suspected fraudulent practices; to provide for restrictions on advertising; to provide for certain disclosures; to provide for requirements and procedures for life settlement contracts; to repeal conflicting laws; and for other purposes.
Votes
Electronically Recorded Votes| Date | Time | Vote No | Yeas | Nays | NV | Exc | Description |
|---|
| 03/05/2008 | 3:01PM | Senate Vote #670 | 052 | 000 | 001 | 003 | PASSAGE BY SUBSTITUTE |
Status History
Bill History| Date | Action |
|---|
| 02/21/2008 | Senate Read and Referred |
| 02/28/2008 | Senate Committee Favorably Reported |
| 02/29/2008 | Senate Read Second Time |
| 03/05/2008 | Senate Third Read |
| 03/05/2008 | Senate Passed/Adopted |
| 03/06/2008 | House First Readers |
| 03/11/2008 | House Second Readers |
