It is unlawful for a life insurer, except a fraternal benefit association licensed to do business in this State, to own, manage, supervise, operate, or maintain a mortuary or undertaking establishment or to permit its officers, agents, or employees to own, operate, or maintain a funeral or undertaking business, except as may be authorized under Section 38-55-330.

HISTORY: Former 1976 Code SECTION 38-55-310 [1962 Code SECTION 37-1231; 1964 (53) 2293] recodified as SECTION 38-57-230 by 1987 Act No. 155, SECTION 1; Former 1976 Code SECTION 38-9-510 [1948 (45)947; 1952 Code SECTION 37-176; 1962 Code SECTION 37-176] recodified as SECTION 38-55-310 by 1987 Act No. 155, SECTION 1; 1995 Act No. 67, SECTION 5.