HB18-1440
Preneed Funeral Contract Sellers
Concerning preneed funeral contract sellers, and, in connection therewith, making an appropriation.
Session:
2018 Regular Session
Subject:
Bill Summary
Insurance
The bill:
- Creates the preneed relief fund to provide restitution to preneed contract buyers;
- Requires funeral establishments to identify the individuals who sell preneed funeral contracts at, or on behalf of, the establishment; and
- Requires that all registered funeral establishments also be licensed as preneed contract sellers.
$28,403 is appropriated from the division of insurance cash fund to the department of regulatory agencies to implement the bill.
(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)