|Petition Title||Security of preneed contracts|
|Date Filed||8/6/2018 [Transmittal Sheet]|
To amend regulations for preneed contracts to prevent circumstances, such as the closure of a funeral establishment, that result in the loss of funding for a family member's funeral.
The petition will be published on September 3, 2018 in the Register of Regulations and also posted on the Virginia Regulatory Townhall to receive public comment ending Octber 2, 2018. The matter will be on the Board's agenda for its first meeting after the comment period, which is scheduled for October 16, 2018. The petitioner will be informed of the Board's decision after that meeting.
|Comment Period||Ended 10/2/2018 2 comments|
|Agency Decision||Take no action [Transmittal Sheet]|
|Agency Decision Summary||
At its meeting on October 16, 2018, the Board considered the petition and the comments posted on Townhall. The Board is convening a workgroup to look at issues relating to preneed contracts, and the request and comments will be included in the information that group considers.
At this time, the decision is not to initiate rulemaking in response to the petition, but the workgroup will address the problem of defaulting on prepaid services and consider whether there are solutions that could protect other families.
|Name / Title:||Corie Tillman Wolf / Executive Director|
9960 Mayland Drive
|Telephone:||(804)367-4479 FAX: (804)527-4471 TDD: ()-|