Preneed funeral contracts; requirements. (HB1206)

Introduced By

Del. Tom Rust (R-Herndon)

Progress

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

Description

Requirements of preneed funeral contracts.  Eliminates the requirement that, in cases in which a life insurance or annuity contract is used to fund the contract, the insurance or annuity contract must provide for adjustment of the face value of the insurance or annuity or for a benefit payable at death that will equal or exceed the sum of all premiums paid for the contract plus interest or dividends. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/19/2012Committee
01/19/2012Presented and ordered printed 12103299D
01/19/2012Referred to Committee on Commerce and Labor
01/26/2012Assigned C & L sub: #1
02/07/2012Subcommittee recommends laying on the table
02/14/2012Left in Commerce and Labor (0-Y 0-N) (see vote tally)