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SB 2440

Mississippi Minimum Wage Act; enact.

2025 Regular Session

Would exempt transportation protection agreements from the Illinois Insurance Code and Funeral or Burial Funds Act, redefining how funds for such services are regulated.

Died In Committee
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Bill Summary · SB 2440

Summary — SB2440 (104th General Assembly, 2025)

Status: Died in committee

Sponsor: Sen. Mike Porfirio
Introduced: February 7, 2025 (filed with Secretary of the Senate March 13, 2025)
Subject areas: regulation of pre-need funeral/burial funds, insurance exemption for certain funeral-related agreements
Companion bill: HB 4765

Note: The bill text amends the Illinois Funeral or Burial Funds Act. The bill file includes an inconsistent bill title (“Mississippi Minimum Wage Act; enact.”) — the substantive text and sponsor indicate this is an Illinois bill concerning pre-need funeral/burial funds and “transportation protection agreements.”

Main purpose

SB2440 would amend the Illinois Funeral or Burial Funds Act to (1) define “transportation protection agreement,” (2) exclude such agreements from application of the Illinois Insurance Code, and (3) explicitly exclude transportation protection agreements from coverage under the Funeral or Burial Funds Act. It also makes changes to definitions and to how pre-need payments are treated in statute.

Key provisions

  • Adds a new definition (Section 1a) for “transportation protection agreement”: an agreement that primarily provides or arranges for services related to the preparation for or transportation of human remains or cremated remains.
  • Adds Section 2c stating: the Illinois Insurance Code does not apply to any transportation protection agreement sold by any seller.
  • Amends Section 10 of the Funeral or Burial Funds Act to clarify that the Act does not apply to:
    1. merchandise delivered within 30 days of purchase,
    2. transportation protection agreements, or
    3. pre-need cemetery sales under the Illinois Pre-Need Cemetery Sales Act.
  • Revises language in Section 1 (payment under pre-need contract) and other definitional provisions (Section 1a). The amendments address treatment of sales proceeds and the status of funds paid under pre-need contracts (trust funds vs. other funding mechanisms such as life insurance or annuities). Some introduced text contains formatting/typographical issues; consult the enrolled bill text for exact statutory language.
  • Retains (and clarifies) that outer burial containers may be included in pre-need cemetery sales.

Who would be affected

  • Sellers/licensees of pre-need funeral contracts and providers (funeral homes, funeral service providers).
  • Consumers/purchasers who buy transportation protection agreements or pre-need funeral merchandise/services.
  • Insurance industry and Illinois Department of Insurance — the insurance code exemption would remove insurance-regulatory oversight for the specified agreements.
  • Trustees, trusteeship arrangements, and entities that handle pre-need funds if statutory trust requirements are altered in practice.

Potential impact and policy considerations

  • Regulatory change: exempting transportation protection agreements from the Illinois Insurance Code and from the Funeral or Burial Funds Act could reduce insurance oversight and potentially change how payments for these agreements must be held or secured.
  • Consumer protections: depending on how funds and obligations are treated after exemption, consumers who prepay for transportation-related services may face different protections (for example, trust fund requirements, solvency safeguards, or insurance-backed guarantees).
  • Industry effects: sellers of transportation protection agreements might face lower regulatory compliance burdens but also less formal insurance regulation; funeral providers and cemeteries may adjust how they structure and fund such agreements.

Legislative history / procedural timeline (selected)

  • 2025-02-04: Died in committee (record indicates bill did not advance)
  • 2025-02-07: Filed with Secretary by Sen. Mike Porfirio; First Reading; Referred to Assignments
  • 2025-03-13: Filed / Received by Secretary of the Senate
  • 2025-03-25: Read first time; Referred to Business & Commerce

(There are some inconsistencies in the procedural dates in the available record; the bill ultimately did not advance out of committee.)

For full statutory text, exact amendments, and any corrected language, consult the bill file (LRB10411866JDS21956b) and the official bill text as introduced.

Compiled from official sources — confirm details with the bill’s official record.

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