Bill Text - SB112 (2005)

(New Title) establishing a committee to study viatical settlements.


Revision: Jan. 21, 2010, midnight

CHAPTER 44

SB 112-FN – FINAL VERSION

03/24/05 0641s

03/24/05 0904s

2005 SESSION

05-0971

01/10

SENATE BILL 112-FN

AN ACT establishing a committee to study viatical settlements.

SPONSORS: Sen. Flanders, Dist 7; Sen. Roberge, Dist 9; Rep. MacKay, Merr 11

COMMITTEE: Banks and Insurance

AMENDED ANALYSIS

This bill establishes a committee to study viatical and life settlements.

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Explanation: Matter added to current law appears in bold italics.

Matter removed from current law appears [in brackets and struckthrough.]

Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

03/24/05 0641s

03/24/05 0904s

05-0971

01/10

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Five

AN ACT establishing a committee to study viatical settlements.

Be it Enacted by the Senate and House of Representatives in General Court convened:

44:1 Committee Established. There is established a committee to study viatical and life settlements.

44:2 Membership and Compensation.

I. The members of the committee shall be as follows:

(a) Three members of the senate, appointed by the president of the senate.

(b) Three members of the house of representatives, appointed by the speaker of the house of representatives.

II. Members of the committee shall receive mileage at the legislative rate when attending to the duties of the committee.

44:3 Duties. The committee shall study viatical and life settlements.

44:4 Chairperson; First Meeting. The members of the study committee shall elect a chairperson from among the members. The first meeting of the committee shall be called by the first-named senate member. The first meeting of the committee shall be held within 45 days of the effective date of this section.

44:5 Report. The committee shall report its findings and any recommendations for proposed legislation to the president of the senate, the speaker of the house of representatives, the senate clerk, the house clerk, the governor, and the state library on or before November 1, 2005.

44:6 Effective Date. This act shall take effect upon its passage.

(Approved: May 17, 2005)

(Effective Date: May 17, 2005)