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OK HB1679

Bill

Official Source

Status

Introduced

2/7/2011

Primary Sponsor

Marty Quinn

Click for details

Origin

House of Representatives

2012 Regular Session

AI Summary

  • Amends 36 O.S. 2001, Section 6129.1 to modify requirements for financial examinations of prepaid funeral trusts and accounts.

  • Funeral service providers found compliant with state requirements shall not be required to pay for financial examinations.

  • Funeral service providers found to have violated statutory requirements shall pay for examinations and other penalties under Section 6130.

  • Insurance Department must use fines collected from noncompliant providers to fund examinations of compliant funeral service providers.

  • 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

Committee Referrals

Insurance2/8/2011

Full Bill Text

No bill text available