SB 61 - Life Settlements Act; license/registration requirements for life settlement brokers; definitions
Current Status
04/30/09 - Senate Date Signed by Governor First Reader Summary
A BILL to be entitled an Act to amend Chapter 59 of Title 33 of the Official Code of Georgia Annotated, relating to life settlements, so as to provide a short title; to provide for definitions; to provide for license requirements for providers and registration requirements for life settlement 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 related matters; to provide for effective dates and applicability; to repeal conflicting laws; and for other purposes.
Votes
Electronically Recorded Votes| Date | Time | Vote No | Yeas | Nays | NV | Exc | Description |
|---|
| 02/04/2009 | 10:16AM | Senate Vote #18 | 050 | 000 | 001 | 005 | PASSAGE |
| 03/26/2009 | 11:19AM | House Vote #339 | 161 | 000 | 007 | 012 | PASS |
Status History
Bill History| Date | Action |
|---|
| 01/29/2009 | Senate Read and Referred |
| 01/30/2009 | Senate Committee Favorably Reported |
| 02/02/2009 | Senate Read Second Time |
| 02/04/2009 | Senate Third Read |
| 02/04/2009 | Senate Passed/Adopted |
| 02/05/2009 | House First Readers |
| 02/06/2009 | House Second Readers |
| 02/11/2009 | House Committee Favorably Reported |
| 03/26/2009 | House Third Readers |
| 03/26/2009 | House Passed/Adopted |
| 04/08/2009 | Senate Sent to Governor |
| 04/30/2009 | Senate Date Signed by Governor |
| 04/30/2009 | Act 93 |
| 07/01/2009 | Effective Date |
