OK SB2042

Transfers oversight of the Perpetual Care Fund Act and Cemetery Merchandise Trust Act from the State Banking Commissioner to the Insurance Commissioner.

Modifies the perpetual care fund threshold from $100,000 to an amount equal to the Federal Deposit Insurance Corporation's standard insurance amount per depositor for certificate of deposit eligibility.

Authorizes the Insurance Commissioner to examine cemetery records, censure cemetery owners, levy fines, and initiate receivership proceedings for non-compliance.

Requires cemetery examination costs to be paid directly by the cemetery owner to the examiner rather than from the perpetual care fund.

Transfers all existing and future funds collected under cemetery acts to the State Insurance Commissioner Revolving Fund and recodifies cemetery-related statutes from Title 8 to Title 36 of the Oklahoma Statutes, effective July 1, 2010.