Bill Text | History of Actions | Background | Title |
Description: Pre-need funeral contracts; revise certain regulations and require 100% trust of funds.
Bill Text: [Introduced]
| 1 | 01/17 (H) Referred To Insurance | |
| 2 | 02/01 (H) Died In Committee |
| Effective date | July 1, 2005 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Three/Fifths |
House Committee:
Principal Author: Chism
Code Sections: A 075-0063-0053, A 075-0063-0055, A 075-0063-0057, A 075-0063-0059, A 075-0063-0065, A 075-0063-0067, A 075-0063-0069, A 075-0063-0071
Title: AN ACT TO AMEND SECTION 75-63-53, MISSISSIPPI CODE OF 1972, TO DEFINE CERTAIN TERMS UNDER THE PRE-NEED CEMETERY AND FUNERAL REGISTRATION ACT; TO AMEND SECTION 75-63-55, MISSISSIPPI CODE OF 1972, TO PROVIDE FOR COMBINATION OF TRUST AND INSURANCE FUNDED PRE-NEED CONTRACTS; TO AMEND SECTION 75-63-57, MISSISSIPPI CODE OF 1972, TO PROVIDE FOR BOOKS AND RECORDS REQUIREMENTS; TO AMEND SECTION 75-63-59, MISSISSIPPI CODE OF 1972, TO INCREASE THE AMOUNT IN TRUST IF THE PRE-NEED CONTRACT IS FUNDED BY A TRUST; TO AMEND SECTION 75-63-65, MISSISSIPPI CODE OF 1972, TO PROVIDE FOR RENEWAL OF REGISTRATION OF ESTABLISHMENTS AND PERSONS ENGAGED IN THE BUSINESS OF SELLING PRE-NEED CONTRACTS; TO AMEND SECTION 75-63-67, MISSISSIPPI CODE OF 1972, TO PROVIDE FOR AN ANNUAL REPORT FEE; TO AMEND SECTION 75-63-69, MISSISSIPPI CODE OF 1972, TO INCREASE THE MAXIMUM ADMINISTRATIVE AND CIVIL PENALTY TO TWENTY-FIVE THOUSAND DOLLARS; TO AMEND SECTION 75-63-71, MISSISSIPPI CODE OF 1972, TO AUTHORIZE DISCLOSURE OF INFORMATION IN THE INTEREST OF INFORMING THE PUBLIC; AND FOR RELATED PURPOSES.
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2005/html/History/HB/HB1483.htm