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IL SB0648

Bill

Official Source

Status

Failed

1/9/2019

Primary Sponsor

John Mulroe

Click for details

Origin

Senate

100th General Assembly

AI Summary

SB0648 Summary

  • Amends the Unclaimed Life Insurance Benefits Act (215 ILCS 185/10) to exclude pre-need funeral contracts and prearrangements from the definition of "policy"

  • Clarifies that life insurance policies used to fund pre-need funeral contracts or prearrangements are not subject to unclaimed benefits reporting requirements

  • Takes effect immediately upon becoming law

Legislative Description

UNCLAIMED LIFE INS-POLICY

Last Action

Session Sine Die

1/9/2019

Committee Referrals

Assignments3/17/2017
Insurance2/1/2017
Assignments1/25/2017

Full Bill Text

No bill text available