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OK HB1458

Bill

Official Source

Status

Passed

5/28/2010

Primary Sponsor

Al McAffrey

Click for details

Origin

House of Representatives

2010 Regular Session

AI Summary

  • Increases the maximum principal amount organizations may receive from any individual for prepaid funeral benefits from $15,000 to $20,000.

  • Establishes annual adjustments to the maximum allowable principal amount based on the previous year's increase in the national Consumer Price Index (CPI).

  • Directs the Insurance Commissioner to determine and announce the annual increase amount on April 1 of each year.

  • Becomes effective November 1, 2010.

Legislative Description

Insurance; relating to prepaid funeral services; modifying maximum amount of principal certain organizations may receive; establishing method for determining certain principal increases. Effective date.

Government

Last Action

Approved by Governor 06/07/2010

5/28/2010

Committee Referrals

Economic Development and Financial Services2/3/2009

Full Bill Text

No bill text available