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DE SB219

Bill

Official Source

Status

Introduced

6/10/2020

Primary Sponsor

Charles Paradee

Click for details

Origin

Senate

150th General Assembly

AI Summary

  • Repeals the $250,000 bond or financial responsibility requirement for viatical settlement brokers in Delaware Code § 7503(h)(4)(b).

  • Maintains the $250,000 bond or financial responsibility requirement for viatical settlement providers under Delaware Code § 7503(h)(4)(a).

  • Allows the Commissioner to accept proof that financial instruments have been filed with another state where the applicant is licensed as a viatical settlement provider.

  • Replaces references to "life settlement brokers" with "viatical settlement brokers" in Delaware Code § 7516(3) and § 7516(4).

Legislative Description

An Act To Amend Title 18 Of The Delaware Code Relating To Viatical Settlements.

Last Action

Introduced and Laid on Table in Senate

6/10/2020

Full Bill Text

No bill text available