SB1173 — Insurance Companies, Agents, Brokers, Policies - As enacted, allows the owner of a prearrangement insurance policy, and not just the beneficiary, to irrevocably assign the policy or policy benefits to a funeral establishment if the insurance company issuing the policy does not offer a funeral trust, or only offers a funeral trust for an additional charge. - Amends TCA Title 56 and Title 62, Chapter 5, Part 4.

SB1173 — Insurance Companies, Agents, Brokers, Policies - As enacted, allows the owner of a prearrangement insurance policy, and not just the beneficiary, to irrevocably assign the policy or policy benefits to a funeral establishment if the insurance company issuing the policy does not offer a funeral trust, or only offers a funeral trust for an additional charge. - Amends TCA Title 56 and Title 62, Chapter 5, Part 4. · Informed CitizenryThis bill amends Tennessee Code Annotated Title 56 and Title 62, Chapter 5, Part 4, regarding prepaid funeral benefits. It modifies the law to allow either the beneficiary or the owner of a prearra…Open in Informed Citizenry