senate Bill S7490

Signed By Governor
2011-2012 Legislative Session

Extends provisions of chapter 557 of the laws of 2001 relating to pre-need funeral services

download bill text pdf

Sponsored By

Archive: Last Bill Status - Signed by Governor


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed by Governor

do you support this bill?

Actions

view actions (11)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 29, 2012 signed chap.88
Jun 22, 2012 delivered to governor
May 31, 2012 returned to senate
passed assembly
ordered to third reading rules cal.37
substituted for a10413
referred to consumer affairs and protection
delivered to assembly
passed senate
May 30, 2012 ordered to third reading cal.971
May 25, 2012 referred to rules

Votes

view votes

S7490 - Bill Details

See Assembly Version of this Bill:
A10413
Law Section:
General Business Law
Laws Affected:
Amd ยง6, Chap 557 of 2001

S7490 - Bill Texts

view summary

Relates to pre-need funeral services and provides that the department of financial services will conduct a study of pre-arranged funeral services and goods.

view sponsor memo
BILL NUMBER:S7490

TITLE OF BILL:
An act
to amend chapter 557 of the laws of 2001 amending the general business
law, the public health law and the insurance law relating to clarifying
provisions pertaining to pre-need funeral services, in relation to the
effectiveness thereof

SUMMARY OF PROVISIONS:
This bill extends for five years chapter 557 of L. 2001, which
prohibits acceptance of commissions on pre-need funeral insurance.

It also requires a study be completed by the Department of Financial
Services no later than three years after the effective date of this
chapter, examining practices in at least ten other states.

JUSTIFICATION:
When this legislation was initially enacted in 2001, the Governor in
his approval memo noted that the issues surrounding the issuance of
pre-need funeral insurance required further study.

This study has never been conducted.

This legislation will preserve stability and continuity in the
industry for a period of five years and allow the issue to be studied.

LEGISLATIVE HISTORY:
New Bill.

FISCAL IMPLICATIONS:
None.

LOCAL FISCAL IMPLICATIONS:
None.

EFFECTIVE DATE:
Immediately.

view full text
download pdf
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  7490

                            I N  S E N A T E

                              May 25, 2012
                               ___________

Introduced  by  Sen.  ROBACH -- read twice and ordered printed, and when
  printed to be committed to the Committee on Rules

AN ACT to amend chapter 557 of the laws of  2001  amending  the  general
  business  law, the public health law and the insurance law relating to
  clarifying provisions pertaining  to  pre-need  funeral  services,  in
  relation to the effectiveness thereof

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Section 6 of chapter 557 of the laws of 2001  amending  the
general business law, the public health law and the insurance law relat-
ing to clarifying provisions pertaining to pre-need funeral services, as
amended  by  chapter  78  of  the  laws  of  2007, is amended to read as
follows:
  S 6. This act shall take effect 30 days after it shall have  become  a
law  provided,  however  sections  3  and 4 of this act shall expire, be
deemed repealed and shall cease to be of any force or effect after  June
1,  [2012]  2017, AND PROVIDED THAT THE DEPARTMENT OF FINANCIAL SERVICES
SHALL CONDUCT A STUDY  OF  FUNDING  PRE-ARRANGED  FUNERAL  SERVICES  AND
GOODS,  EXAMINING  PRACTICES IN A MINIMUM OF TEN OTHER STATES, BY USE OF
LIFE INSURANCE, TRUST DEPOSITING OR ANY OTHER FUNDING MECHANISM  IN  USE
OR  THAT WOULD BE APPROPRIATE. THE RESULTS OF SUCH STUDY SHALL BE DELIV-
ERED TO THE GOVERNOR AND LEGISLATURE ON OR BEFORE APRIL 15, 2015.
  S 2. This act shall take effect immediately and  shall  be  deemed  to
have been in full force and effect on and after December 12, 2001.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD16037-02-2

Comments

Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Comment moderation is generally performed Monday through Friday.

By contributing or voting you agree to the Terms of Participation and verify you are over 13.