HB4054 H B&I AM #1
The Committee on Banking and Insurance moves to amend the
bill on page one, section one, line twenty-four, after the word
"authorized" by striking out the period and adding the following:
with the following amendments:
On page 2, subsection 2.6., after the word "viators" by
striking out the words "by viatical settlement providers";
On page 4, subsection 4.2., after the word "domicile" by
striking out the words "and a West Virginia business license from
the Secretary of State's Office";
On page 5, by striking out subdivision 4.2.c. in its entirety;
And, by renumbering the remaining subdivisions;
On page 5, subsection 4.2., subdivision f., by striking out
the words "all information" and inserting in lieu thereof the word
"informational";
On page 5, subsection 4.2., subdivision f., after the word
"viators" by inserting the words "describing the viatical
settlement process";
On page 5, subsection 4.3., subdivision b. after the word
"five" by inserting the word "consecutive";
On page 6, by striking out subsection 4.6. in its entirety;
And by renumbering the remaining subsections;
On page 6, subsection 4.8., after the word "license." by
striking out the words "All viatical settlement broker licenses, as fixed by the Commissioner, shall expire at midnight on the thirty
first day of May next following the date of issuance." and
inserting in lieu thereof the words "The date upon which the
viatical settlement broker license shall expire for individuals and
entities shall be at the discretion of the Commissioner.";
On page 6, subsection 4.10., subdivision a., after the word
"directions" by striking out the word "posited" and inserting in
lieu thereof the word "posted";
On page 9, subsection 6.2., after the word "broker" by
inserting the words " and each insurance producer whose viatical
settlement activities are incidental to their business activities";
On page 12, section 9, after the word "A" by striking out the
word "person" and inserting in lieu thereof the words "viatical
settlement provider";
On page 12, section 9,after the word "similar" by striking the
word "ro" and inserting in lieu thereof the word "to";
And,
On page 14, subsection 12.1., subdivision b. after the words
"case of" by striking the word "in" and inserting in lieu thereof
the word "an".
Adopted
Rejected