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2009 SESSION

• | print version

HB 2467 Life insurance; funding preneed funeral contracts.

Introduced by: Harvey B. Morgan | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Funding preneed funeral contracts with life insurance.  Requires that life insurance policies, annuity contracts, and certificates issued in connection with group life insurance policies or group annuity contracts specify the means by which face amount adjustments will be made, and benefits payable upon death will be adjusted, when they will be used to fund preneed funeral contracts. The measure also requires insurers proposing to issue life insurance policies or annuity contracts for purposes of funding preneed funeral contracts to disclose clearly their intended purpose and market when the forms are submitted for State Corporation Commission approval.

FULL TEXT

• 01/14/09  House: Prefiled and ordered printed; offered 01/14/09 090038652  pdf | impact statement
• 03/04/09  House: Bill text as passed House and Senate (HB2467ER)  pdf | impact statement
• 03/30/09  Governor: Acts of Assembly Chapter text (CHAP0653)  pdf

HISTORY

• 01/14/09  House: Prefiled and ordered printed; offered 01/14/09 090038652
• 01/14/09  House: Referred to Committee on Commerce and Labor
• 01/21/09  House: Assigned C & L sub: 2
• 01/29/09  House: Subcommittee recommends reporting
• 02/03/09  House: Reported from Commerce and Labor (17-Y 0-N)
• 02/05/09  House: Read first time
• 02/06/09  House: Read second time and engrossed
• 02/08/09  House: Passed by for the day
• 02/09/09  House: Read third time and passed House (98-Y 0-N 1-A)
• 02/09/09  House: VOTE: --- PASSAGE (98-Y 0-N 1-A)
• 02/10/09  Senate: Constitutional reading dispensed
• 02/10/09  Senate: Referred to Committee on Commerce and Labor
• 02/23/09  Senate: Reported from Commerce and Labor (15-Y 0-N)
• 02/24/09  Senate: Constitutional reading dispensed (39-Y 0-N)
• 02/25/09  Senate: Read third time
• 02/25/09  Senate: Passed Senate (40-Y 0-N)
• 03/04/09  House: Enrolled
• 03/04/09  House: Bill text as passed House and Senate (HB2467ER)
• 03/05/09  Senate: Signed by President
• 03/06/09  House: Signed by Speaker
• 03/30/09  Governor: Approved by Governor-Chapter 653 (effective 7/1/09)
• 03/30/09  Governor: Acts of Assembly Chapter text (CHAP0653)