Legislation
- Title
- Morticians and Funeral Directors - Pre-Need Contracts
- Sponsored by
- Senators Klausmeier, Benson, Reilly, and Young
- Status
- Approved by the Governor - Chapter 497
- Analysis
- Fiscal and Policy Note
Synopsis
Requiring that specified disclosure statements in pre-need contracts inform a buyer whether the contract is a guaranteed contract, guaranteed in part contract, or nonguaranteed contract; providing that if specified disclosures are made, pre-need contracts may be guaranteed contracts, guaranteed in part contracts, or nonguaranteed contracts and may include cash advance items or goods and services that are not guaranteed; providing that a pre-need escrow or trust account may not be deemed an asset of specified licensees; etc.
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(
7-101, 7-405 )
Last Updated: 2/3/2020 2:29 PM