Preneed Funeral Contract Recovery Fund; created. (HB1299)

Introduced By

Del. Kenneth Alexander (D-Norfolk)

Description

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. Amends § 54.1-2800 (“Definitions.”), § 54.1-2803 (“Specific powers and duties of Board.”), § 54.1-2806 (“Refusal, suspension or revocation of license.”), § 54.1-2822.1 (“Funeral establishments to maintain preneed records.”), of the Code of Virginia. View Full Text »

Status

01/11/2006: Awaiting a Vote in the Health, Welfare and Institutions Committee
View Bill's History

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