Amend CSSB 1323, SECTION 2 as follows:                                       
	SECTION 2.  Section 1111.002, Insurance Code, is amended to 
read as follows: 
	Section 1111.002  PURPOSE; The purpose of this subchapter is 
to:             
		(1)  provide for registration of persons engaged in the 
business of life or viatical settlements; [and]
		(2)  provide consumer protection for a person who may 
sell or otherwise transfer the person's life insurance policy; and
		(3)  provide that the department has exclusive 
jurisdiction in this state to regulate viatical settlements, other 
than transactions governed by The Securities Act (Article 581-1 et 
seq., Vernon's Texas Civil Statutes).