Bill Text: PA HB1060 | 2009-2010 | Regular Session | Introduced

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Bill Title: Relating to burial accounts.

Spectrum: Moderate Partisan Bill (Democrat 6-1)

Status: (Introduced - Dead) 2010-10-04 - Referred to COMMERCE [HB1060 Detail]

Download: Pennsylvania-2009-HB1060-Introduced.html

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PRINTER'S NO. 4423
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No. 1060 Session of2010
INTRODUCED BY BISHOP, HARKINS, KOTIK, BELFANTI, THOMAS, McILVAINE SMITH AND GINGRICH, OCTOBER 4, 2010
REFERRED TO COMMITTEE ON COMMERCE, OCTOBER 4, 2010
AN ACT
Relating to burial accounts.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Short title.
This act shall be known and may be cited as the Burial
Account Act.
Section 2. Definitions.
The following words and phrases when used in this act shall
have the meanings given to them in this section unless the
context clearly indicates otherwise:
"Burial account." An interest-bearing account at a bank,
savings and loan, credit union or other financial institution,
the primary purpose of which is to provide for payment, upon
death of the account owner, of the account owner's funeral and
burial expenses.
"Financial institution." A bank, savings and loan, credit
union or similar financial institution.
"Funeral director." As defined in the act of January 14,
1952 (1951 P.L.1898, No.522), known as the Funeral Director Law.
Section 3. Burial account.
(a) General rule.--All financial institutions shall permit
the establishment and maintenance of burial accounts in
accordance with the provisions of this act.
(b) Expedited procedure.--Notwithstanding any other
provision of law, presentment by a funeral director to a
financial institution of an account holder's death certificate
along with an invoice for professional services rendered shall
be sufficient to authorize the release and payment of funds from
a burial account.
(c) Limitation.--Amounts released and paid utilizing the
expedited payment procedure under subsection (b) shall not
exceed $13,000 per decedent.
(d) Proof of licensure.--A funeral director shall be
required to provide proof of licensure in connection with a
claim under subsection (b).
Section 4. Effective date.
This act shall take effect in 60 days.
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