Illinois General Assembly - Bill Status for HB2404

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Bill Status of HB2404 96th General Assembly

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Short Description: INSURABLE INTERESTS ACT

House Sponsors
Rep. Lou Lang

Last Action

Date	Chamber	Action
1/11/2011	House	Session Sine Die

Statutes Amended In Order of Appearance

New Act

Synopsis As Introduced
Creates the Insurable Interests Act. Provides that any individual of lawful age may take out an insurance contract upon himself for the benefit of any person. Provides that no person shall knowingly procure or cause to be procured any insurance contract upon another individual unless the benefits under the contract are payable to (i) the insured or his personal representative; or (ii) a person having an insurable interest in the insured at the time when the contract was made. With respect to trusts, the Act applies to trusts existing before, on, or after the Act's effective date. Contains other provisions. Effective immediately.

Actions

Date	Chamber	Action
2/19/2009	House	Filed with the Clerk by Rep. Lou Lang
2/19/2009	House	First Reading
2/19/2009	House	Referred to Rules Committee
2/23/2009	House	Assigned to Insurance Committee
3/13/2009	House	Rule 19(a) / Re-referred to Rules Committee
1/11/2011	House	Session Sine Die

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