HOUSE BILL 425

Sponsored By:

Delegate Krysiak

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

House Action

2/10

First Reading Economic Matters

Hearing 2/23 at 1:00 p.m.

3/23

Favorable with Amendments Report by Economic Matters

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

3/24

Third Reading Passed (134-1)

4/4

Return Passed

5/27

Governor vetoed - Cross-filed bill was signed

Senate Action

3/25

First Reading Finance

3/26

Hearing 4/1 at 1:00 p.m.

4/5

Favorable Report by Finance

Favorable Report Adopted

Second Reading Passed

4/6

Third Reading Passed (45-1)

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:

House

Number: 153983/1 (PDF)     Offered on: March 23, 1999   at: 10:41 a.m.     Status: Adopted

Roll Call Votes (Legislative dates are shown):

House

March 24, 1999: Third Reading Passed (134-1)

Senate

April 6, 1999: Third Reading Passed (45-1)