1.1.................... moves to amend S.F. No. 166, the third engrossment, as follows:
1.2Page 7, line 6, delete "PRESUMPTION OF STOLI PRACTICES" and insert
1.3"PROHIBITION; ENTRY INTO LIFE SETTLEMENT CONTRACT"
1.4Page 7, delete lines 8 to 25 and insert:
1.5    "Subdivision 1. Prohibition; entry into life settlement contract. No person at any
1.6time prior to, or at the time of, the application for, or issuance of, a policy, or during a
1.7two-year period commencing with the date of issuance of the policy, shall enter into a
1.8life settlement contract regardless of the date the compensation is to be provided and
1.9regardless of the date the assignment, transfer, sale, devise, bequest, or surrender of the
1.10policy is to occur, except as otherwise provided by law."
1.11Page 8, line 12, delete everything after "beneficiary"
1.12Page 8, line 13, delete "is issued"
1.13Page 8, line 15, delete everything after "contract"
1.14Page 8, line 16, delete everything before the period
1.15Page 8, delete lines 21 and 22
1.16Page 8, line 23, delete "(4)" and insert "(3)"
1.17Page 8, line 26, delete "(5)" and insert "(4)"
1.18Page 10, delete lines 8 to 12
1.19Renumber the subdivisions in sequence and correct the internal references
1.20Amend the title accordingly