Bill > SB226

Introduced Session

Create a new section of KRS 367.934 to 367.974 to allow an agent that guarantees a price for all merchandise and services to be provided under a preneed burial contract to collect an administrative fee not to exceed 15% of the total amount of payments to be paid under the contract; prohibit the administrative fee from being paid more than once; prohibit the administrative fee from being paid until all installments have been paid; amend KRS 367.934 to conform; amend KRS 367.936 to exempt an administrative fee imposed on a fully paid contract from the refund requirements; make technical amendments; direct that the Act applies to contracts entered into on or after the effective date of the Act.

AI Summary

Committee Categories

Greg Elkins (R)*,  Danny Carroll (R),  Scott Madon (R),  Robby Mills (R),  Matt Nunn (R),  Craig Richardson (R), 

signed by Governor (Acts Ch. 88) (on 04/10/2026)

Official Document