Illinois General Assembly - Bill Status for HB3657

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Bill Status of HB3657 93rd General Assembly

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Short Description: INS SMALL LIFE POLICIES

House Sponsors
Rep. Frank J. Mautino

Last Action

Date	Chamber	Action
1/11/2005	House	Session Sine Die

Statutes Amended In Order of Appearance

215 ILCS 5/229.6 new

Synopsis As Introduced
Amends the Illinois Insurance Code. Establishes disclosure requirements for life insurance policies having a face amount of $20,000 or less. Requires insurers to make a disclosure to insureds if the premiums on small policies will exceed the face amount of the policy. Prohibits insurers from collecting premiums on small policies when the premiums collected minus dividends paid in cash exceed 250% of the face amount of the policy.

Actions

Date	Chamber	Action
2/28/2003	House	Filed with the Clerk by Rep. Frank J. Mautino
2/28/2003	House	First Reading
2/28/2003	House	Referred to Rules Committee
3/5/2003	House	Assigned to Insurance Committee
3/13/2003	House	Rule 19(a) / Re-referred to Rules Committee
1/11/2005	House	Session Sine Die

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