SENATE BILL 578

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)