Burial and funeral expenses; preneed contracts. (HB1953)
Introduced By
Del. Harvey Morgan (R-Gloucester)
Progress
✓ |
Introduced |
☐ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Burial and funeral expenses; preneed contracts. Authorizes an incorporated association that is authorized to sell burial association group life insurance certificates, and whose principal purpose is to assist its members in financial planning for their funerals and burials and obtaining insurance for the payment for funeral and burial expenses, to serve as the trustee of a trust established to fund a preneed funeral contract. The measure also increases, from $3,500 to $7,000, the amount that may be set aside to meet burial expenses without effecting Medicaid eligibility. The measure also clarifies the method of calculating the inflation adjustment that is required when a life insurance or annuity contract is used to fund a preneed funeral contract. Read the Bill »
Status
03/20/2007: signed by governor
History
Date | Action |
---|---|
01/05/2007 | Committee |
01/05/2007 | Prefiled and ordered printed; offered 01/10/07 070153428 |
01/05/2007 | Referred to Committee on Commerce and Labor |
01/12/2007 | Impact statement from DPB (HB1953) |
01/24/2007 | Committee substitute printed 070253428-H1 |
01/24/2007 | Motion to refer to committee agreed to |
01/24/2007 | Referred to Committee on Appropriations |
01/24/2007 | Fiscal impact review from JLARC (HB1953) |
01/26/2007 | Assigned App. sub: Health and Human Resources (Hamilton) |
01/29/2007 | Impact statement from DPB (HB1953H1) |
02/02/2007 | Read first time |
02/03/2007 | Committee substitute agreed to 070253428-H1 |
02/03/2007 | Committee amendments agreed to |
02/03/2007 | Read second time |
02/03/2007 | Committee substitute (Commerce and Labor) agreed to 070253428-H1 |
02/03/2007 | Committee amendments (Appropriations) agreed to |
02/03/2007 | Engrossed by House - committee substitute with amendments HB1953EH1 |
02/03/2007 | Printed as engrossed 070253428-EH1 |
02/05/2007 | Read third time and passed House (97-Y 0-N 1-A) |
02/05/2007 | Communicated to Senate |
02/06/2007 | Constitutional reading dispensed |
02/06/2007 | Referred to Committee on General Laws and Technology |
02/07/2007 | Impact statement from DPB (HB1953EH1) |
02/16/2007 | Constitutional reading dispensed (39-Y 0-N) |
02/16/2007 | VOTE: (39-Y 0-N) (see vote tally) |
02/19/2007 | Read third time |
02/19/2007 | Passed Senate (40-Y 0-N) |
02/19/2007 | VOTE: (40-Y 0-N) (see vote tally) |
02/28/2007 | Enrolled |
02/28/2007 | Bill text as passed House and Senate (HB1953ER) |
03/01/2007 | Impact statement from DPB (HB1953ER) |
03/01/2007 | Signed by Speaker |
03/02/2007 | Signed by President |
03/20/2007 | G Approved by Governor-Chapter 621 (effective 7/1/07) |
04/05/2007 | G Acts of Assembly Chapter text (CHAP0621) |