Bill > HB1886

This bill amends existing laws related to prearrangement funeral services. It defines a "prearrangement funeral service contract" and introduces a new term "transportation protection agreement." The bill specifies that funeral establishments are not required to trust moneys received for funeral merchandise delivered within 30 days or for transportation protection agreements. It also adjusts the percentage of the contract price that must be placed in a trust, from 90% to 80%, and increases the amount that can be retained by the funeral establishment from 10% to 20%. Additionally, the bill provides details on the management and use of the prearrangement funeral service trust funds.