HOUSE BILL 1843 |
HOUSE AUTHOR: Marchant |
EFFECTIVE: 09-01-97 |
SENATE SPONSOR: Sibley |
House Bill 1843 sets forth requirements for lawn crypts and subjects plots and lawn crypts to regulation by the banking commissioner under certain conditions. It also includes alternative containers, caskets, or outer burial containers among prepaid funeral merchandise that is under the regulatory control of the banking commissioner, and allows the banking commissioner to waive limitations on the investment of a prepaid funeral benefits trust fund if the commissioner concludes that the waiver would not put the fund at risk.