Connecticut 2016 Regular Session

Connecticut Senate Bill SB00189 Compare Versions

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1-Senate Bill No. 189
1+General Assembly Raised Bill No. 189
2+February Session, 2016 LCO No. 1266
3+ *_____SB00189GL____030416____*
4+Referred to Committee on GENERAL LAW
5+Introduced by:
6+(GL)
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3-Public Act No. 16-20
8+General Assembly
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10+Raised Bill No. 189
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12+February Session, 2016
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14+LCO No. 1266
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16+*_____SB00189GL____030416____*
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18+Referred to Committee on GENERAL LAW
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20+Introduced by:
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22+(GL)
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524 AN ACT CONCERNING IRREVOCABLE FUNERAL SERVICE CONTRACTS.
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726 Be it enacted by the Senate and House of Representatives in General Assembly convened:
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928 Section 1. Section 42-207 of the general statutes is repealed and the following is substituted in lieu thereof (Effective July 1, 2016):
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1130 An irrevocable funeral service contract may be entered into in which the amount held in escrow or a death benefit payable under an individual or group life insurance policy may be disbursed only upon the death of the beneficiary, provided such a contract does not exceed [five] eight thousand [four hundred] dollars and all interest, growth or dividends accumulates to the escrow account or insurance policy and are inaccessible to the beneficiary. Such irrevocable funeral service [contracts] contract may be transferred from one funeral service establishment to another upon request of the beneficiary or a legal representative of the beneficiary. The purchase of an irrevocable funeral service contract shall not preclude an individual from purchasing other funeral service contracts that are revocable, provided any such revocable funeral service contract purchased by a Medicaid beneficiary may be revoked only upon written notice by the Medicaid beneficiary to the Commissioner of Social Services.
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35+This act shall take effect as follows and shall amend the following sections:
36+Section 1 July 1, 2016 42-207
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38+This act shall take effect as follows and shall amend the following sections:
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40+Section 1
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42+July 1, 2016
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44+42-207
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48+GL Joint Favorable
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50+GL
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52+Joint Favorable