PRINTER'S NO.  4423

  

THE GENERAL ASSEMBLY OF PENNSYLVANIA

  

HOUSE BILL

 

No.

1060

Session of

2010

  

  

INTRODUCED BY BISHOP, HARKINS, KOTIK, BELFANTI, THOMAS, McILVAINE SMITH AND GINGRICH, OCTOBER 4, 2010

  

  

REFERRED TO COMMITTEE ON COMMERCE, OCTOBER 4, 2010  

  

  

  

AN ACT

  

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Relating to burial accounts.

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The General Assembly of the Commonwealth of Pennsylvania

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hereby enacts as follows:

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Section 1.  Short title.

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This act shall be known and may be cited as the Burial

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Account Act.

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Section 2.  Definitions.

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The following words and phrases when used in this act shall

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have the meanings given to them in this section unless the

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context clearly indicates otherwise:

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"Burial account."  An interest-bearing account at a bank,

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savings and loan, credit union or other financial institution,

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the primary purpose of which is to provide for payment, upon

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death of the account owner, of the account owner's funeral and

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burial expenses.

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"Financial institution."  A bank, savings and loan, credit

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union or similar financial institution.

 


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"Funeral director."  As defined in the act of January 14,

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1952 (1951 P.L.1898, No.522), known as the Funeral Director Law.

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Section 3.  Burial account.

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(a)  General rule.--All financial institutions shall permit

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the establishment and maintenance of burial accounts in

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accordance with the provisions of this act.

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(b)  Expedited procedure.--Notwithstanding any other

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provision of law, presentment by a funeral director to a

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financial institution of an account holder's death certificate

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along with an invoice for professional services rendered shall

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be sufficient to authorize the release and payment of funds from

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a burial account.

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(c)  Limitation.--Amounts released and paid utilizing the

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expedited payment procedure under subsection (b) shall not

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exceed $13,000 per decedent.

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(d)  Proof of licensure.--A funeral director shall be

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required to provide proof of licensure in connection with a

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claim under subsection (b).

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Section 4.  Effective date.

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This act shall take effect in 60 days.

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