Virginia House Bill 1333 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 22 2010 - 25% progression, died in chamber
Action: 2010-02-04 - House: Stricken from docket by Commerce and Labor by voice vote
Text: Latest bill text (Introduced) [HTML]

Preneed funeral contracts; authority of State Corporation Commission. Authorizes the State Corporation Commission to oversee the sale of preneed funeral contracts that are to be funded by the proceeds of a life insurance policy. The measure prohibits an insurer issuing policies to fund preneed funeral contracts from using or employing another person to entice an individual to purchase a product or to direct the course of action and choice of the buyer in a preneed funeral contract sale. The measure also provides that life insurance policies that are marketed or sold through the use of application or marketing materials that include information regarding costs associated with a funeral, including a casket or vault, in a manner that implies a connection between the amount of coverage and the cost of a funeral, are subject to regulation as life insurance policies used to fund preneed funeral contracts. Finally, the measure directs the State Corporation Commission to review its regulations to ensure that life insurance policies associated with the costs of funerals are not marketed through the use of deceptive or misleading practices.

Preneed funeral contracts; SCC to oversee contracts funded by proceeds of life insurance policy.

Del. Harvey Morgan [R]

Date	Chamber	Action
2010-02-04		House: Stricken from docket by Commerce and Labor by voice vote
2010-01-22		House: Referred to Committee on Commerce and Labor
2010-01-22		House: Presented and ordered printed 10104120D

Chapter	Article	Section	Citation Type	Statute Text
38	2	1809	(n/a)	See Bill Text
38	2	3100.3	(n/a)	See Bill Text
54	1	2820	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?101+sum+HB1333
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?101+ful+HB1333+hil