BILL · 1995–96 SESSION · LATEST VERSION SSB 5780

SB 5780: Viatical settlements

Regulating viatical settlements.

Summary

  • Persons or businesses involved in the process of buying the life insurance policy of a terminally ill person must be licensed by the commissioner. This includes those who offer or advertise the availability of viatical settlements, negotiate viatical settlements, or actually purchase the policies.

From the Substitute Senate Bill Report (SSB 5780), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 161, Laws of 1995
  1. IntroducedFeb 6, 1995
  2. Out of committee
  3. Passed SenateMar 14, 1995
  4. Passed HouseApr 12, 1995
  5. Governor
  6. LawApr 27, 1995
Prime sponsor
Margarita Prentice (D-11)
Introduced
February 6, 1995 in the Senate
Last action
April 27, 1995
Session law
Chapter 161, Laws of 1995
Budget
Has a fiscal note
Versions
SB 5780, SSB 5780

Sponsors

Prime sponsor: Margarita Prentice (D-11)

2 co-sponsors (1 Democrat, 1 Republican)

Votes

Senate · Final Passage

March 14, 1995
Version voted on: SSB 5780
44 Yea 0 Nay 1 Absent 4 Excused
PartyYeaNayAbsentExcused
Democrat24010
Republican20004
How each member voted

House · Final Passage

April 12, 1995
Version voted on: SSB 5780
84 Yea 11 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat35001
Republican491101
How each member voted

Yea (84)

Excused (2)

History

The Legislature's online data doesn't include step-by-step history for sessions before 2001. Its final status is shown above, and the official bill page may have more.

SB 5780 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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