Bill Title: Amends the Illinois Marriage and Dissolution of Marriage Act. Provides that at the discretion of the court, a child support obligation may be secured, in whole or in part, by reasonably affordable life insurance on the life of one or both parents on such terms as the parties agree or as the court orders. Provides that contemplation or foreseeability of future events shall not be considered as a factor or used as a defense in determining whether a substantial change in circumstances is shown, unless the future event is expressly specified in the court's order or the agreement of the parties incorporated into a court order. Provides that the parties may expressly specify in the agreement incorporated into a court order or the court may expressly specify in the order that the occurrence of a specific future event is contemplated and will not constitute a substantial change in circumstances to warrant modification of the order. Effective immediately.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Passed) 2022-05-13 - Public Act . . . . . . . . . 102-0823 [SB3036 Detail]

Text: Latest bill text (Chaptered) [HTML]

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