1254ja

    On page 1, line 9, of the House Judiciary Committee engrossed bill, delete everything after "." and insert "A society shall honor the request of the owner of a benefit contract to assign the contract to, or designate an irrevocable beneficiary of, a trust which provides for the payment of funeral or burial related expenses and is established by the insured, the insurer, or owner of the benefit contract, unless the request does not conform to the laws or rules of the society. In no event may the certificate proceeds paid to such a trust exceed the actual funeral or burial related expenses incurred.".

    On page 1, delete lines 10 to 14, inclusive.

    On page 2, delete line 1.

    On page 2, line 5, delete everything after "." and insert "A society shall honor the request of the owner of a benefit contract to collaterally assign the contract to, or make an irrevocable beneficiary designation of, a funeral home solely for the payment of funeral or burial related expenses, unless the request does not conform to the laws or rules of the society.".

    On page 2, delete lines 6 to 10, inclusive.