Preneed funeral contracts; life insurance or annuity contracts.
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SB 679 — Preneed funeral contracts; life insurance or annuity contracts.
Last action — Approved by Governor-Chapter 641 (effective 7/1/22)
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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✓In Committee
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✓Passed Senate
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✓Passed House of Delegates
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✓To Executive
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6Enacted
This bill has been enacted into law. Introduced January 20, 2022. Enacted.
Signed by Governor Glenn Youngkin (Republican) on April 11, 2022.
Prognosis
Where this bill stands today.
Odds of enactment
HighHow often bills like it became law.
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Enacted
Current position in the legislative process.
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1 sponsor
1 primary, 0 co-sponsors signed on.
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Cleared a recorded vote
Passed 7 recorded votes so far.
Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.
Summary
Board of Funeral Directors and Embalmers; life insurance or annuity preneed funeral contract requirements. Provides that the face amount of any life insurance policy issued to fund a preneed funeral contract shall not be decreased over the life of the life insurance policy except where such policies have lapsed due to nonpayment of premiums or have gone to a nonforfeiture option that lowers the face amount as allowed for in the provisions of the policy.
Bill Text
What changed in the latest version
95 added · 93 removedPlain-language change summary
The bill updates the definitions and requirements for life insurance and annuity contracts used to fund preneed funeral contracts. It clarifies that these contracts must include provisions outlining how benefits will be adjusted upon death, and it mandates that insurers disclose the intended purpose and market for these policies during the approval process. These changes aim to enhance transparency and ensure that consumers are informed about the details of their preneed funeral contracts.
SESSION ENROLLED VIRGINIA ACTS OF ASSEMBLY ––-- 2022 SESSION CHAPTER E641 An Act to amend and reenact §§ 38.2-3100.3 and 54.1-2820 of the Code of Virginia, relating to preneed funeral contracts.
R O [S 679] Approved LApril L11, 2022 Be it enacted by the General Assembly of Virginia:
That §§ 38.2-3100.3 and 54.1-2820 of the Code of Virginia are amended and reenacted as E follows:
D§ contracts.3100.3.38.2-3100.3.
Requirements of life insurance or annuity contracts used to fund preneed funeral A.contracts.
ForA. purposes of this section, "preneed funeral contract" means any agreement where payment is made by the insured prior to the receipt of services or supplies contracted for, which evidences arrangements prior to death for (i) the providing of funeral services or (ii) the sale of funeral supplies.
B.For purposes of this section, "preneed funeral contract" means any agreement where payment is made by the insured prior to the receipt of services or supplies contracted for, which evidences arrB.
Each individual and group life insurance policy issued or issued for delivery in Virginia, eacheachplies. individual and group annuity contract issued or issued for delivery in Virginia, and each certificate issued in connection with a group life insurance policy or group annuity contract issued or issBed for delivery in Virginia shall include a provision specifying the means by which face amount adjust7ents C of § 54.1-2820, when such a policy or contract will be used to fund a preneed funeral contracE.section C.
individual and group annuity contract issued or issued for delivery in Virginia, and each certificate issued in connection with a group life insurance policy or group annuity contract issued or issued for delivery in Virginia shall include a provision specifying the means by which face amount adjustments will be made and benefits payable upon death will be adjusted, according to the provisions of subsection C of § 54.1-2820, when such a policy or contract will be used to fund a preneed funeral contract.
C.
printed1. in easy-to-read type, size and style;d and is written in clear, understandable language and 2.
Is made on forms prescribed by the Board and is written in clear, understandable language and printed in easy-to-read type, size and style;
2.
regulatory6. agency which handles consumer complaints;r of the Board and lists the Board as the 7.
Contains the name, address and telephone number of the Board and lists the Board as the regulatory agency which handles consumer complaints;
7.
Provides that if the particular supplies and services specified in the contract are unavailable at the time of delivery, the seller shall be required to furnish supplies and services similar in style and at least equal in quality of material and workmanship and the representative of the deceased shall have the rightleastright to choose the supplies or services to be substituted;
irrevocableB. trust or an amount in an irrevocable trust that is specifically identified as available exclusively for funeral or burial expenses, where:
Subject to the requirements of 2§ 1.54.1-2822, a preneed funeral contract may provide for an irrevocable trust or an amount in an irrevocable trust that is specifically identified as available exclusively for funeral or burial expenses, where:
A1. person irrevocably contracts for funeral goods and services, such person funds the contract by prepaying for the goods and services, and the funeral provider residing or doing business within the Commonwealth subsequently places the funds in a trust;
A person irrevocably contracts for funeral goods and services, such person funds the contract by prepaying for the goods and services, and the funeral provider residing or doing business within the of 2 Commonwealth subsequently places the funds in a trust;
View plain text versions (5)
- CHAP0641 View text Current pdf April 11, 2022
- SB679ER View text pdf March 10, 2022
- Committee Substitute Committee substitute printed 22107150D-H1 pdf March 01, 2022
- Engrossed Printed as engrossed 22103687D-E pdf January 31, 2022
- Presented and ordered printed 22103687D View text pdf January 20, 2022
Action History
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Approved by Governor-Chapter 641 (effective 7/1/22)
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Governor's Action Deadline 11:59 p.m., April 11, 2022
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Enrolled Bill Communicated to Governor on March 22, 2022
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Signed by Speaker
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Signed by President
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Impact statement from DPB (SB679ER)
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Enrolled
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Title replaced 22107150D-H1
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House substitute agreed to by Senate (38-Y 0-N 1-A)
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VOTE: Passage (91-Y 6-N)
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Passed House with substitute (91-Y 6-N)
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Engrossed by House - committee substitute SB679H1
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Committee substitute agreed to 22107150D-H1
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Read third time
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Read second time
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Impact statement from DPB (SB679H1)
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Committee substitute printed 22107150D-H1
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Reported from General Laws with substitute (21-Y 1-N)
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House committee, floor amendments and substitutes offered
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Subcommittee recommends reporting with substitute (8-Y 0-N)
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Assigned GL sub: Subcommittee #1
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Referred to Committee on General Laws
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Read first time
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Placed on Calendar
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Impact statement from DPB (SB679E)
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Read third time and passed Senate (40-Y 0-N)
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Printed as engrossed 22103687D-E
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Engrossed by Senate as amended SB679E
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Committee amendment agreed to
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Reading of amendment waived
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Read second time
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Constitutional reading dispensed (39-Y 0-N)
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Impact statement from DPB (SB679)
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Reported from General Laws and Technology with amendment (13-Y 0-N 2-A)
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Senate committee, floor amendments and substitutes offered
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Referred to Committee on General Laws and Technology
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Presented and ordered printed 22103687D
Sponsors
- Sr. Lionell Spruill · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 147 not signed on · 6 voted No
Sponsors (1)
- Lionell Spruill, Sr.
Co-sponsors (0)
None.
Not signed on (147)
147 members have not signed on to this bill.
Show all 147 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 38 | 0 | 0 | 2 |
| Total | 38 | 0 | 0 | 2 |
| % of votes cast | 95% | 0% | 0% | 5% |
How each member voted (40)
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 90 | 6 | 0 | 3 |
| Total | 90 | 6 | 0 | 3 |
| % of votes cast | 91% | 6% | 0% | 3% |
How each member voted (99)
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 21 | 1 | 0 | 0 |
| Total | 21 | 1 | 0 | 0 |
| % of votes cast | 95% | 5% | 0% | 0% |
How each member voted (22)
| Member | Party | Vote |
|---|---|---|
| Adams, Dawn M. | — | Yea |
| Betsy B. Carr | — | Yea |
| Bulova, David L. | — | Yea |
| Campbell, Jeffrey L. | — | Yea |
| Chris S. Runion | — | Yea |
| Coyner, Carrie E. | — | Yea |
| Danica A. Roem | — | Yea |
| Emily M. Jordan | — | Yea |
| Fowler, Hyland F."Buddy," Jr. | — | Yea |
| James A. "Jay" Leftwich | — | Yea |
| James W. Morefield | — | Yea |
| Jenkins, Clinton L. | — | Yea |
| Knight, Barry D. | — | Yea |
| Luke E. Torian | — | Yea |
| Marcia S. "Cia" Price | — | Nay |
| Murphy, Kathleen | — | Yea |
| Paul E. Krizek | — | Yea |
| Robinson, Roxann L. | — | Yea |
| Schuyler T. VanValkenburg | — | Yea |
| Thomas C. Wright, Jr. | — | Yea |
| Wampler, William C., III | — | Yea |
| Wendell S. Walker | — | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 8 | 0 | 0 | 1 |
| Total | 8 | 0 | 0 | 1 |
| % of votes cast | 89% | 0% | 0% | 11% |
How each member voted (9)
| Member | Party | Vote |
|---|---|---|
| Adams, Dawn M. | — | Yea |
| Betsy B. Carr | — | Yea |
| Chris S. Runion | — | Yea |
| Fowler, Hyland F."Buddy," Jr. | — | Yea |
| James A. "Jay" Leftwich | — | Not Voting |
| James W. Morefield | — | Yea |
| Jenkins, Clinton L. | — | Yea |
| Thomas C. Wright, Jr. | — | Yea |
| Wendell S. Walker | — | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 40 | 0 | 0 | 0 |
| Total | 40 | 0 | 0 | 0 |
| % of votes cast | 100% | 0% | 0% | 0% |
How each member voted (40)
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 39 | 0 | 0 | 1 |
| Total | 39 | 0 | 0 | 1 |
| % of votes cast | 98% | 0% | 0% | 3% |
How each member voted (40)
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 13 | 0 | 0 | 2 |
| Total | 13 | 0 | 0 | 2 |
| % of votes cast | 87% | 0% | 0% | 13% |
How each member voted (15)
| Member | Party | Vote |
|---|---|---|
| Barker, George L. | — | Yea |
| Bell, John J. | — | Yea |
| Bryce E. Reeves | — | Not Voting |
| Dunnavant, Siobhan S. | — | Yea |
| Ebbin, Adam P. | — | Yea |
| Hashmi, Ghazala F. | — | Yea |
| Jennifer B. Boysko | — | Yea |
| Jeremy S. McPike | — | Not Voting |
| Kiggans, Jennifer A. | — | Yea |
| Mamie E. Locke | — | Yea |
| Mason, T. Montgomery "Monty" | — | Yea |
| Richard H. Stuart | — | Yea |
| Ruff, Frank M., Jr. | — | Yea |
| Todd E. Pillion | — | Yea |
| Vogel, Jill Holtzman | — | Yea |
Subjects
Frequently asked questions
- What does SB 679 do?
- Board of Funeral Directors and Embalmers; life insurance or annuity preneed funeral contract requirements. Provides that the face amount of any life insurance policy issued to fund a preneed funeral contract shall not be decreased over the life of the life insurance policy except where such policies have lapsed due to nonpayment of premiums or have gone to a nonforfeiture option that lowers the face amount as allowed for in the provisions of the policy.
- Who sponsors SB 679?
- SB 679 is sponsored by Lionell Spruill, Sr..
- What is the current status of SB 679?
- This bill has been enacted into law. Introduced January 20, 2022. Enacted.
- Where can I track SB 679?
- Track SB 679 free on One Click Politics — get push/email alerts when it moves.
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