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2008 SESSION

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SB 692 Insurance agents; revises definition of limited burial insurance authorities.

Introduced by: John S. Edwards | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED SENATE:

Insurance agents; limited burial insurance authorities.  Expands the definition of a limited burial insurance authority to include the authority of a person who is licensed to engage in the practice of funeral service, preneed funeral planning, funeral directing, embalming, or operating a funeral service establishment to solicit applications for life insurance in amounts of $10,000 or less in connection with the funding of a preneed funeral contract.

SUMMARY AS INTRODUCED:

Insurance agents; limited burial insurance authorities.  Revises the definition of a limited burial insurance authority to include the authority to solicit applications for life insurance in amounts of $10,000 or less in connection with the funding of a preneed funeral contract. A limited burial insurance authority would no longer include the authority to solicit members of a group life insurance association for burial association group life insurance certificates.