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OK HB1679
Bill
Status
2/7/2011
Primary Sponsor
Marty Quinn
Click for details
AI Summary
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Amends 36 O.S. 2001, Section 6129.1 regarding financial examinations of prepaid funeral trusts and accounts by the Insurance Department
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Funeral service organizations found compliant with prepaid funeral requirements (Sections 6121-6136.18) shall not be required to pay for financial examinations
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Funeral service organizations found noncompliant with prepaid funeral requirements shall be required to pay for examinations and face penalties under Section 6130
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Insurance Department shall use fines collected from noncompliant providers to pay for examinations of compliant funeral service providers
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Effective date: November 1, 2011
Legislative Description
Insurance; modifying financial examinations of prepaid funeral services; effective date.
Insurance
Last Action
Second Reading referred to Insurance
2/8/2011