BILL · 2007–08 SESSION
HB 3067: Life settlements model act
Adopting the life settlements model act.
Summary
- Requires licensing of any person who buys or brokers a life insurance policy from the owner if the owner is a resident of this state.
- Establishes prohibited practices, disclosure requirements, and contractual provisions for life settlements.
- Establishes sanctions for violations of the act.
From the House Bill Report (HB 3067), written by the Legislature's nonpartisan staff. Read the full report ↗
Did not pass Did not pass · stalled on the House floor
- IntroducedJan 22, 2008
- Out of committeeFeb 6, 2008
- Passed Housestopped here
- Passed Senate
- Governor
- Law
- Prime sponsor
- Steve Kirby (D-29)
- Introduced
- January 22, 2008 in the House
- Last action
- February 6, 2008
- Companion bill
- SB 6631
- Budget
- Has a fiscal note
AN ACT Relating to adopting the life settlements model act;
Sponsors
Prime sponsor: Steve Kirby (D-29)
Votes
No recorded floor votes.
History
- Passed to Rules Committee for second reading.
- IFCP - Executive action taken by committee.
- Minority; without recommendation.
- IFCP - Majority; do pass.
- First reading, referred to Insurance, Financial Services & Consumer Protection.
HB 3067 in other sessions
Bill numbers restart every two years, so the same number is a different bill in each session.
- HB 3067 (2009–10) Impact fee payment process
- HB 3067 (2005–06) Identity theft
- HB 3067 (2003–04) Motorized foot scooters
- HB 3067 (1999–00) State patrol retirement
- HB 3067 (1997–98) Job-related info disclosure