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MS HB1306

Bill

Official Source

Status

Failed

4/3/2025

Primary Sponsor

Shane Aguirre

Click for details

Origin

House of Representatives

2025 Regular Session

AI Summary

  • Reduces the daily administrative fine for late preneed establishment reports from $100.00 to $25.00 per day
  • Changes the fine from mandatory to discretionary, allowing the Secretary of State to impose the fine at their discretion rather than requiring it
  • Applies to annual reports of preneed contract sales and performance due to the Secretary of State by March 31 each year
  • Fine remains in addition to any other administrative penalties under the preneed contract article
  • Takes effect July 1, 2025

Legislative Description

Preneed establishments; reduce amount of fine that Secretary of State may impose upon for late filing of their reports.

Last Action

Died In Conference

4/3/2025

Committee Referrals

Business and Financial Institutions2/18/2025
Insurance1/20/2025

Full Bill Text

No bill text available