TO: | Honorable Robert Duncan, Chair, Senate Committee on State Affairs |
FROM: | John S. O'Brien, Deputy Director, Legislative Budget Board |
IN RE: | SB1323 by Armbrister (Relating to the regulation of viatical settlement agreements and life settlement agreements; providing penalties.), Committee Report 1st House, Substituted |
This bill would amend the Insurance Code relating to the regulation of viatical settlement agreements and life settlement agreements; providing penalties. The Department of Insurance anticipates any additional work resulting from the passage of the bill could be reasonably absorbed within current resources.
This bill would take effect September 1, 2005.
Source Agencies: | 454 Department of Insurance
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LBB Staff: | JOB, SR, NV
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