HB1299: Preneed Funeral Contract Recovery Fund; created.

Chief Patron

Del. Kenny Alexander (D-89)

Kenny Alexander (D-89)
Norfolk, VA
Served: 2002–

Progress

	Introduced
	Passed Committee
	Passed House
	Passed Senate
	Signed by Governor
	Became Law

Status

01/11/2006: In Health, Welfare and Institutions Committee

View Entire History

Summary

Preneed funeral contract recovery fund.  Establishes a recovery fund from which persons with an unsatisfied final judgment against the seller of a preneed funeral contract for damages resulting from the seller's malfeasance, misfeasance, default, failure, or insolvency in connection with the sale of a preneed funeral contract, or the seller's performance of the duties imposed on the seller by law with respect to the contract, may recover the amount of the court's judgment.  The recovery fund is financed with a fee of $2 on every preneed funeral contract sold and an initial assessment of $100 on every licensed practitioner of funeral service.   View Full Text »