Rep. Frank J. Mautino

Filed: 5/14/2009

 

 


 

 


 
09600SB2091ham002 LRB096 11456 RPM 26759 a

1
AMENDMENT TO SENATE BILL 2091

2     AMENDMENT NO. ______. Amend Senate Bill 2091, AS AMENDED,
3 with reference to page and line numbers of House Amendment No.
4 1, as follows:
 
5 on page 5, line 14, by deleting "or for the benefit of"; and
 
6 on page 19, by replacing lines 11 through 21 with the
7 following:
8     "(o) Viatical settlement providers licensed under the
9 Viatical Settlements Act as of the effective date of this
10 amendatory Act of the 96th General Assembly shall be deemed
11 licensed under this Act. All such providers are required to
12 maintain or come into compliance with all of the license
13 requirements of this Act and to provide evidence to the
14 Director that they are in compliance with item (4) of
15 subsection (k) of this Section, concerning financial
16 responsibility; item (6) of subsection (k) of this Section,

 

 

09600SB2091ham002 - 2 - LRB096 11456 RPM 26759 a

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