Insurance producers operating as viatical settlement brokers shall be subject to the license denial, nonrenewal, and revocation provisions established by Section 500-70 of the Illinois Insurance Code, in addition to any monetary or criminal penalties as may be appropriate.
215 ILCS 159/17
License revocation and denial for viatical settlement brokers
Known as the Viatical Settlements Act
The act spans §§ 215-159-1 to 215-159-999 (30 sections).
P.A. 96-736, eff. 7-1-10.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.