Rep. Frank J. Mautino
Filed: 5/14/2009
 
 

 




 

 		












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AMENDMENT TO SENATE BILL 2091 




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    AMENDMENT NO. ______. Amend Senate Bill 2091, AS AMENDED, 
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with reference to page and line numbers of House Amendment No. 
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1, as follows:


 
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on page 5, line 14, by deleting "or for the benefit of"; and


 
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on page 19, by replacing lines 11 through 21 with the 
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following:
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    "(o) Viatical settlement providers licensed under the

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Viatical Settlements Act as of the effective date of this 
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amendatory Act of the  96th General Assembly shall be deemed 
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licensed under this Act. All such providers are required to 
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maintain or come into compliance with all of the license 
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requirements of this Act and to provide evidence to the 
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Director that they are in compliance with item (4) of 
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subsection (k) of this Section, concerning financial 
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responsibility; item (6) of subsection (k) of this Section, 
 


 






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concerning an anti-fraud plan; and subsection (m) of this 
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Section, concerning life expectancies no later than the 
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effective date of this Act. Such providers shall not be exempt 
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from the requirements for viatical settlement provider license 
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renewal set forth in subsection (i) of this Section. The first 
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anniversary date for the purpose of license renewal under 
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subsection (i) shall be one year from the effective date of 
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this amendatory Act of the 96th General Assembly."; and
 
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on page 45, by deleting lines 23 and 24; and
 
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on page 45, line 25, by replacing "(c)" with "(d)"; and
 
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on page 47, line 4, by replacing "(d)" with "(e)".