SB2091ham002 96TH GENERAL ASSEMBLY

Rep. Frank J. Mautino

Filed: 5/14/2009

09600SB2091ham002 LRB096 11456 RPM 26759 a

AMENDMENT TO SENATE BILL 2091

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

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

on page 19, by replacing lines 11 through 21 with the following:

"(o) Viatical settlement providers licensed under the Viatical Settlements Act as of the effective date of this amendatory Act of the 96th General Assembly shall be deemed licensed under this Act. All such providers are required to maintain or come into compliance with all of the license requirements of this Act and to provide evidence to the Director that they are in compliance with item (4) of subsection (k) of this Section, concerning financial responsibility; item (6) of subsection (k) of this Section, concerning an anti-fraud plan; and subsection (m) of this Section, concerning life expectancies no later than the effective date of this Act. Such providers shall not be exempt from the requirements for viatical settlement provider license renewal set forth in subsection (i) of this Section. The first anniversary date for the purpose of license renewal under subsection (i) shall be one year from the effective date of this amendatory Act of the 96th General Assembly."; and

on page 45, by deleting lines 23 and 24; and

on page 45, line 25, by replacing "(c)" with "(d)"; and

on page 47, line 4, by replacing "(d)" with "(e)".