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