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CT SB01020

Bill

Official Source

Status

Introduced

2/26/2015

Primary Sponsor

General Law Committee

Click for details

Origin

Senate

2015 General Assembly

AI Summary

  • Increases the maximum amount allowed for irrevocable funeral service contracts from $5,400 to $8,000, effective July 1, 2015
  • Requires all interest, growth, or dividends accumulated in escrow accounts or insurance policies to remain inaccessible to the beneficiary until their death
  • Allows irrevocable funeral service contracts to be transferred between funeral service establishments upon request by the beneficiary or their legal representative
  • Permits individuals with irrevocable funeral service contracts to also purchase revocable funeral service contracts
  • Requires revocable contracts purchased by Medicaid beneficiaries to be revocable only through written notice to the Commissioner of Social Services

Legislative Description

An Act Concerning Funeral Service Contracts.

Last Action

Favorable Change of Reference, House to Committee on Appropriations

3/16/2015

Committee Referrals

Appropriations3/12/2015
General Law2/26/2015

Full Bill Text

No bill text available