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

DateAction
01/05/2007Committee
01/05/2007Prefiled and ordered printed; offered 01/10/07 070153428
01/05/2007Referred to Committee on Commerce and Labor
01/12/2007Impact statement from DPB (HB1953)
01/24/2007Committee substitute printed 070253428-H1
01/24/2007Motion to refer to committee agreed to
01/24/2007Referred to Committee on Appropriations
01/24/2007Fiscal impact review from JLARC (HB1953)
01/26/2007Assigned App. sub: Health and Human Resources (Hamilton)
01/29/2007Impact statement from DPB (HB1953H1)
02/02/2007Read first time
02/03/2007Committee substitute agreed to 070253428-H1
02/03/2007Committee amendments agreed to
02/03/2007Read second time
02/03/2007Committee substitute (Commerce and Labor) agreed to 070253428-H1
02/03/2007Committee amendments (Appropriations) agreed to
02/03/2007Engrossed by House - committee substitute with amendments HB1953EH1
02/03/2007Printed as engrossed 070253428-EH1
02/05/2007Read third time and passed House (97-Y 0-N 1-A)
02/05/2007Communicated to Senate
02/06/2007Constitutional reading dispensed
02/06/2007Referred to Committee on General Laws and Technology
02/07/2007Impact statement from DPB (HB1953EH1)
02/16/2007Constitutional reading dispensed (39-Y 0-N)
02/16/2007VOTE: (39-Y 0-N) (see vote tally)
02/19/2007Read third time
02/19/2007Passed Senate (40-Y 0-N)
02/19/2007VOTE: (40-Y 0-N) (see vote tally)
02/28/2007Enrolled
02/28/2007Bill text as passed House and Senate (HB1953ER)
03/01/2007Impact statement from DPB (HB1953ER)
03/01/2007Signed by Speaker
03/02/2007Signed by President
03/20/2007G Approved by Governor-Chapter 621 (effective 7/1/07)
04/05/2007G Acts of Assembly Chapter text (CHAP0621)