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.
STATE OF NEW YORK
________________________________________________________________________
10413
IN ASSEMBLY
May 25, 2012
___________
Introduced by M. of A. DINOWITZ -- read once and referred to the Commit-
tee on Consumer Affairs and Protection
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:
1 Section 1. Section 6 of chapter 557 of the laws of 2001 amending the
2 general business law, the public health law and the insurance law relat-
3 ing to clarifying provisions pertaining to pre-need funeral services, as
4 amended by chapter 78 of the laws of 2007, is amended to read as
5 follows:
6 § 6. This act shall take effect 30 days after it shall have become a
7 law provided, however sections 3 and 4 of this act shall expire, be
8 deemed repealed and shall cease to be of any force or effect after June
9 1, [2012] 2017, and provided that the department of financial services
10 shall conduct a study of funding pre-arranged funeral services and
11 goods, examining practices in a minimum of ten other states, by use of
12 life insurance, trust depositing or any other funding mechanism in use
13 or that would be appropriate. The results of such study shall be deliv-
14 ered to the governor and legislature on or before April 15, 2015.
15 § 2. This act shall take effect immediately and shall be deemed to
16 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
