AR SB363

Amends the definition of "agent" to include individuals who supervise others effecting securities purchases or sales for a broker-dealer, in addition to those representing a broker-dealer or issuer.

Replaces "viatical contracts" with "life settlement contracts" throughout the securities laws and clarifies issuer definitions for fractional, pooled, and non-fractionalized life settlement contracts.

Expands remedies available to the Securities Commissioner to include appointment of receivers, conservators, declaratory judgments, accounting, disgorgement of profits, restitution, and fines up to the total amount received in violation.

Allows the commissioner to consider registration statements abandoned and withdrawn if not completed within 180 days after filing and the applicant has been notified of deficiencies.

Updates references from January 1, 2009 to January 1, 2011 for federal securities laws regarding exempted transactions for issuers with equity securities listed on national exchanges and unit investment trusts.