HB 22-1228

  • Colorado House Bill
  • 2022 Regular Session
  • Introduced in House Mar 07, 2022
  • Passed House Mar 04, 2022
  • Passed Senate Apr 22, 2022
  • Signed by Governor Jun 02, 2022

Sunset Continue Regulate Preneed Funeral Contracts

Abstract

The act implements the recommendations of the department of regulatory agencies, as contained in the department's sunset review of preneed funeral contracts, as follows: Continues the regulation of preneed funeral contracts for 7 years, to September 1, 2029; Removes from statute the surety bond or net worth requirements for an applicant for a license to sell preneed funeral contracts and requires the commissioner of insurance (commissioner) to establish the requirements in rule; Allows the commissioner to investigate the books, records, and accounts of a contract seller without the requirement that the commissioner first receive a complaint or indication of noncompliance; Removes the fees for license renewal from statute and requires the commissioner to establish the fees in rule based on the cost of regulating the industry and the outstanding preneed contract obligations of the contract sellers; Declares money held in trust for a preneed contract is unclaimed and must be reported to the state treasurer for deposit into the unclaimed property trust fund at the earlier of: 3 years after the date on which the contract seller has knowledge of the death of the preneed contract beneficiary; the date the preneed contract beneficiary, if living, would have attained 115 years of age; or 65 years from the date that the preneed contract was executed; and Requires each funeral establishment, at the time of registration renewal, to attest to whether the funeral establishment sells preneed contracts and requires the director of the division of professions and occupations to enter into a memorandum of understanding with the commissioner to share information on funeral establishments that sell preneed contracts.(Note: This summary applies to this bill as enacted.)

Bill Sponsors (3)

Votes


Actions


Jun 02, 2022

Office of the Governor

Governor Signed

May 31, 2022

Office of the Governor

Sent to the Governor

Senate

Signed by the President of the Senate

May 26, 2022

House

Signed by the Speaker of the House

Apr 28, 2022

House

House Considered Senate Amendments - Result was to Concur - Repass

Apr 27, 2022

House

House Considered Senate Amendments - Result was to Laid Over Daily

Apr 26, 2022

House

House Considered Senate Amendments - Result was to Laid Over Daily

Apr 25, 2022

House

House Considered Senate Amendments - Result was to Laid Over Daily

Apr 22, 2022

Senate

Senate Third Reading Passed - No Amendments

Apr 21, 2022

Senate

Senate Second Reading Special Order - Passed with Amendments - Committee

Senate

Senate Committee on Appropriations Refer Amended - Consent Calendar to Senate Committee of the Whole

  • Committee-Passage
Appropriations

Apr 13, 2022

Senate

Senate Committee on Finance Refer Unamended to Appropriations

  • Referral-Committee
Appropriations Finance

Mar 24, 2022

Senate

Senate Committee on Judiciary Refer Unamended to Finance

  • Referral-Committee
Judiciary Finance

Mar 07, 2022

Senate

Introduced In Senate - Assigned to Judiciary

  • Introduction
Judiciary

Mar 04, 2022

House

House Third Reading Passed - No Amendments

Mar 03, 2022

House

House Second Reading Special Order - Passed with Amendments - Committee, Floor

Mar 01, 2022

House

House Second Reading Laid Over to 03/03/2022 - No Amendments

Feb 28, 2022

House

House Second Reading Laid Over Daily - No Amendments

Feb 23, 2022

House

House Committee on Judiciary Refer Amended to House Committee of the Whole

  • Committee-Passage
  • Referral-Committee
House Committee of the Whole Judiciary

Feb 11, 2022

House

Introduced In House - Assigned to Judiciary

  • Introduction
Judiciary

Bill Text

Bill Text Versions Format
Signed Act (06/02/2022) PDF
Final Act (05/31/2022) PDF
Rerevised (04/22/2022) PDF
Revised (04/21/2022) PDF
Reengrossed (03/04/2022) PDF
Engrossed (03/03/2022) PDF
Introduced (02/11/2022) PDF
PA2 (04/21/2022) PDF
PA1 (02/25/2022) PDF
Committee Amendment PDF

Related Documents

Document Format
Fiscal Note SA1 (04/20/2022) PDF
Fiscal Note FN1 (02/22/2022) PDF
Fiscal Note FN2 (03/21/2022) PDF

Sources

Data on Open States is updated periodically throughout the day from the official website of the Colorado General Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.