Amendment ID: S2470-1

Amendment 1

SOLI

Mr. Brewer moves to amend the amendment in section 1, by inserting after the definition of “Financing transaction” the following definition:-

“Fraudulent life settlement act”, an act referenced in subsections (b) and (c) of section 223A.”; and

by striking out, in line 55, the words “, which life insurance contract” and inserting in place thereof the following words:-  “or multiple life insurance contracts, which life insurance contract or contracts”; and

by striking out, in line 587, the words “clauses (i) and (ii)” and inserting in place thereof the following words:-  “clauses (1) and (2)”; and

by striking out, in line 698, the words “For the purpose of this section and sections 223B and 223D, “fraudulent”’ and inserting in place thereof the following word:- ‘“Fraudulent’; and

by striking out, in line 759, the words “be unlawful” and inserting in place thereof the following words:-  “also be a fraudulent life settlement act”.