S 1069 General Bill, By Alexander
Summary: Viatical and Life Settlements Act
    A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING CHAPTER 64 TO TITLE 38 SO AS TO ENACT THE VIATICAL AND LIFE SETTLEMENTS ACT, TO PROVIDE FOR THE PROTECTION OF CONTRACTUAL AND PROPERTY RIGHTS OF A LIFE INSURANCE POLICY OWNER TO SEEK A SETTLEMENT, TO ESTABLISH CONSUMER PROTECTIONS BY PROVIDING FOR THE REGULATION OF A SETTLEMENT TRANSACTION, TO PROVIDE FOR THE LICENSING OF A SETTLEMENT PROVIDER, BROKER, AND OTHERS INVOLVED IN A SETTLEMENT TRANSACTION, TO PROVIDE FOR ANTI-FRAUD MEASURES, AND TO PROVIDE PENALTIES FOR VIOLATIONS.
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03/17/04	Senate	Introduced and read first time SJ-19
03/17/04	Senate	Referred to Committee on Banking and Insurance SJ-19
05/27/04	Senate	Committee report: Favorable with amendment Banking and Insurance SJ-8