Mississippi House Bill 634 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on February 23 2016 - 100% progression
Action: 2016-02-23 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

An Act To Amend Section 41-43-37, Mississippi Code Of 1972, To Require The Owner Of Every Perpetual Care Cemetery Subject To The Cemetery Law To File With The Secretary Of State A Surety Bond In The Sum Of Five Hundred Thousand Dollars, Or Such Lower Amount As Prescribed By The Secretary Of State, For The Benefit Of Any Owner Or Purchaser, Or The Family, Legal Representative Or Next Of Kin Of Any Such Owner Or Purchaser, Of Any Lot, Plot, Grave, Crypt, Niche Or Burial Space Within The Cemetery, When The Cemetery Is Insolvent Or About To Become Insolvent, Or No Perpetual Care Trust Fund Has Been Established For The Cemetery Or, If Established, The Trust Fund Does Not Contain The Funds As Are Required To Be Contained In The Trust Fund; To Amend Section 41-43-38, Mississippi Code Of 1972, To Provide That Any Such Person May Claim Against The Bond For Any Losses Or Damages Sustained By The Person; To Amend Section 73-63-59, Mississippi Code Of 1972, To Require Sellers Of Preneed Contracts That Are Funded By Trust To File With The Secretary Of State A Surety Bond In The Sum Of Five Hundred Thousand Dollars, Or Such Lower Amount As Prescribed By The Secretary Of State, For The Benefit Of The Contract Insured Or The Beneficiaries Or Estate Of The Contract Insured For Financial Loss Or Other Damages Suffered As A Result Of Improper Actions Of A Contract Provider Or Improper Use Of Trust Funds Or The Insolvency Of The Trust; To Bring Forward Section 75-63-81, Mississippi Code Of 1972, For The Purposes Of Possible Amendment; And For Related Purposes.

Cemeteries and preneed contracts; require those covered or funded by a trust to have surety bond to protect owners or insureds.

Rep. Nick Bain [R]

Date	Chamber	Action
2016-02-23	House	Died In Committee
2016-02-08	House	Referred To Public Health and Human Services;Judiciary A

Type	Source
Summary	https://billstatus.ls.state.ms.us/2016/pdf/history/HB/HB0634.xml
Text	https://billstatus.ls.state.ms.us/documents/2016/html/HB/0600-0699/HB0634IN.htm