Illinois General Assembly - Bill Status for HB3659
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 Bill Status of HB3659  93rd General Assembly


Short Description:  VIATICAL SETTLEMENTS DISCLOSE

House Sponsors
Rep. Frank J. Mautino

Last Action
DateChamber Action
  1/11/2005HouseSession Sine Die

Statutes Amended In Order of Appearance
215 ILCS 158/5
215 ILCS 158/10
215 ILCS 158/15
215 ILCS 158/20
215 ILCS 158/35
215 ILCS 158/40
215 ILCS 158/45
215 ILCS 158/47 new
215 ILCS 158/49 new
215 ILCS 158/50


Synopsis As Introduced
Amends the Viatical Settlements Act. Sets forth acts that constitute a fraudulent viatical settlement act. Provides for the regulation of viatical settlement brokers. Establishes additional grounds for revocation or suspension of a license. Requires certain disclosures to be made in connection with viatical settlements. Provides a period of time for revocation after certain disclosures are made. Provides that violations of the Act constitute unfair trade practices subject to disciplinary action under the Illinois Insurance Code.

Actions 
DateChamber Action
  2/28/2003HouseFiled with the Clerk by Rep. Frank J. Mautino
  2/28/2003HouseFirst Reading
  2/28/2003HouseReferred to Rules Committee
  3/5/2003HouseAssigned to Executive Committee
  3/13/2003HouseRule 19(a) / Re-referred to Rules Committee
  1/11/2005HouseSession Sine Die

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