1999 Regular Session

SENATE BILL 578

CHAPTER NUMBER: 578 File Code: Insurance - Health and Life Crossfiled with: HOUSE BILL 425
Sponsored By:
Senator Kelley
Entitled:
Life Insurance and Annuities - Funding Pre-Need Contracts and Preneed Burial Contracts

Synopsis:

Authorizing a pre-need contract or preneed burial contract to be funded by a life insurance policy or annuity contract under specified circumstances; exempting from specified provisions of the Insurance Article life insurance or an annuity used to fund a pre-need contract or preneed burial contract; etc.

History by Legislative Date

Senate Action
2/5
First Reading Finance
2/9
Hearing 3/2 at 1:00 p.m.
3/29

Favorable with Amendments Report by Finance
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/30
Third Reading Passed (43-1)
4/8
Return Passed
5/27
Signed by the Governor Chapter 578
House Action
3/29
First Reading Economic Matters
3/31
Hearing 4/6 at 1:00 p.m.
4/7
Favorable Report by Economic Matters
4/3
Favorable Report Adopted
Second Reading Passed
4/4
Third Reading Passed (135-1)
Bill indexed under the following Subjects:
CEMETERIES
CONTRACTS -see also- LAND INSTALLMENT CONTRACTS; PROCUREMENT
FUNERALS
INSURANCE -see also- HEALTH INSURANCE; MOTOR VEHICLE INS
MORTICIANS
Bill affects the following Statutes:
Business Regulation
( 5-702 )
Health Occupations
( 7-405 )
Insurance
( 27-211 , 27-218 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments:
Senate
Number: 337861/1 (PDF)     Offered on: March 29, 1999   at: 8:16 p.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
Senate
March 30, 1999: Third Reading Passed (43-1)
House
April 4, 1999: Third Reading Passed (135-1)