Bill Text: NY S07490 | 2011-2012 | General Assembly | Introduced

New York Senate Bill 7490 (Prior Session Legislation)

Introduced

Bill Title: Relates to pre-need funeral services and provides that the department of financial services will conduct a study of pre-arranged funeral services and goods.

Sponsorship: Partisan Bill (Republican 1)

Status: (Passed) 2012-06-29 - SIGNED CHAP.88 [S07490 Detail]

Download: New_York-2011-S07490-Introduced.html

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         7490
                                   I N  S E N A T E
                                     May 25, 2012
                                      ___________
       Introduced  by  Sen.  ROBACH -- read twice and ordered printed, and when
         printed to be committed to the Committee on Rules
       AN ACT to amend chapter 557 of the laws of  2001  amending  the  general
         business  law, the public health law and the insurance law relating to
         clarifying provisions pertaining  to  pre-need  funeral  services,  in
         relation to the effectiveness thereof
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Section 6 of chapter 557 of the laws of 2001  amending  the
    2  general business law, the public health law and the insurance law relat-
    3  ing to clarifying provisions pertaining to pre-need funeral services, as
    4  amended  by  chapter  78  of  the  laws  of  2007, is amended to read as
    5  follows:
    6    S 6. This act shall take effect 30 days after it shall have  become  a
    7  law  provided,  however  sections  3  and 4 of this act shall expire, be
    8  deemed repealed and shall cease to be of any force or effect after  June
    9  1,  [2012]  2017, AND PROVIDED THAT THE DEPARTMENT OF FINANCIAL SERVICES
   10  SHALL CONDUCT A STUDY  OF  FUNDING  PRE-ARRANGED  FUNERAL  SERVICES  AND
   11  GOODS,  EXAMINING  PRACTICES IN A MINIMUM OF TEN OTHER STATES, BY USE OF
   12  LIFE INSURANCE, TRUST DEPOSITING OR ANY OTHER FUNDING MECHANISM  IN  USE
   13  OR  THAT WOULD BE APPROPRIATE. THE RESULTS OF SUCH STUDY SHALL BE DELIV-
   14  ERED TO THE GOVERNOR AND LEGISLATURE ON OR BEFORE APRIL 15, 2015.
   15    S 2. This act shall take effect immediately and  shall  be  deemed  to
   16  have been in full force and effect on and after December 12, 2001.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD16037-02-2