General Assembly: 87 (2017 Regular GA) - Chapter 14 - Cemeteries and preneed sellers of cemetery merchandise, funeral merchandise, and funeral services — notice of potential receivership


Published: 2017-03-23

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CHAPTER 14 CEMETERIES AND PRENEED SELLERS OF CEMETERY MERCHANDISE, FUNERAL

MERCHANDISE, AND FUNERAL SERVICES — NOTICE OF POTENTIAL RECEIVERSHIP

H.F. 303

ANACT relating to notificationsmade by the commissioner of insurance of the potential need for a receivership for certain preneed sellers and cemeteries.

Be It Enacted by the General Assembly of the State of Iowa:

Section 1. Section 523A.811, Code 2017, is amended by adding the following new subsection: NEW SUBSECTION. 01. The commissioner may notify the attorney general of the

potential need for establishment of a receivership if a receivership is requested or consented to by a seller subject to this chapter.

Sec. 2. Section 523I.212, Code 2017, is amended by adding the following new subsection: NEW SUBSECTION. 01. The commissioner may notify the attorney general of the

potential need for establishment of a receivership if a receivership is requested or consented to by a cemetery subject to this chapter.

Approved March 23, 2017

Tue Oct 10 12:18:07 2017 1/ 1