Life Insurance Settlement Association

• Amends the Illinois Insurance Code.Illinois · HB 5217 · Last action Aug 20, 2010Amends the Illinois Insurance Code. Sets forth definitions of "netting agreement" and "qualified financial contract". Sets forth the conditions under which no person shall be stayed or prohibited from exercising contractual rights concerning netting agreements and qualified financial contracts. Provides that upon termination of a netting agreement or…Latest action: Public Act . . . . . . . . . 96-1450Enacted law

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