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Georgia General Assembly > Legislation
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2007-2008 Regular Session - SB 499
Life Settlements Act; license requirements for providers/brokers
Sponsored By
First 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.
Status History
Mar/11/2008 - House Second Readers
Mar/06/2008 - House First Readers
Mar/05/2008 - Senate Passed/Adopted By Substitute
Mar/05/2008 - Senate Third Read
Feb/29/2008 - Senate Read Second Time
Feb/28/2008 - Senate Committee Favorably Reported By Substitute
Feb/21/2008 - Senate Read and Referred
Feb/20/2008 - Senate Hopper
Mar/05/2008 - Senate Vote #670Yea(52)Nay(0)NV(1)
Past Versions