Preneed Funeral Contract Sellers

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.)