Bill Type
Congress Name
Long Title
AN ACT ESTABLISHING THE PRE-NEED PLAN SECURITIES CODE
Date filed
July 1, 1998
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. HB00083 | |
| FULL TITLE : AN ACT ESTABLISHING THE PRE-NEED PLAN SECURITIES CODE | |
| ABSTRACT : Authorizes the Insurance Commission to supervise and regulate the operation of pre-need plan companies. Establishes a PLANHOLDERS' PROTECTION FUND to compensate extraordinary losses or damage incurred by planholders due to business failure or insolvency of the company. | |
| PRINCIPAL AUTHOR/S : ROXAS, MANUEL A. | |
| DATE FILED : 1998-07-01 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS : | |
| 1. | 2. |
| 3. | 4. |
| 5. | 6. |
| 7. | 8. |
| 9. | |
| ADMINISTRATION BILL? No | |
| URGENT BILL? No | |
| ACTIONS TAKEN BY THE COMMITTEE | |
| MOTHER BILL: HB12353 | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON TRADE AND INDUSTRY ON 1998-07-28 |
Abstract
Authorizes the Insurance Commission to supervise and regulate the operation of pre-need plan companies. Establishes a PLANHOLDERS' PROTECTION FUND to compensate extraordinary losses or damage incurred by planholders due to business failure or insolvency of the company.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.