2002 Regular Session

HOUSE BILL 401

File Code: Health Occupations
Sponsored By:
Delegates Klausmeier, Redmer, Boutin, and Owings
Entitled:
Morticians - Pre-need Contracts - Pooled Trust Accounts

Synopsis:

Authorizing a seller of a pre-need contract to have a pooled trust account composed of the pre-need funds of other sellers for the benefit of not less than 200 purchasers or intended funeral recipients; providing for a commission of not more than 1% per annum of the corpus of the trust fund for the administrator of the account; exempting a seller from filing a report with regard to compliance with the provisions of this section if a pooled trust account administrator filed the same report; etc.

History by Legislative Date

House Action
1/28
First Reading Environmental Matters
2/7
Hearing 2/19 at 1:00 p.m.
3/18
Withdrawn
Senate Action
No Action
Sponsored by:
Delegate Katherine Klausmeier, District 8
Delegate Charles R. Boutin, District 34
Delegate George W. Owings, III, District 27B
Delegate Alfred W. Redmer, Jr., District 8
Bill indexed under the following Subjects:
CONTRACTS -see also- LAND INSTALLMENT CONTRACTS; PROCUREMENT
FUNERALS
INTEREST
MORTICIANS
REPORTS
Bill affects the following Statute:
Health Occupations
( 7-405 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered