HB 18-1440

House Bill 18-1440, also known as the Preneed Funeral Contract Sellers bill, aims to protect consumers who purchase prearranged funeral services. It establishes a fund to help people get their money back if something goes wrong with their prepaid funeral contracts. The bill also requires funeral homes to clearly identify their salespeople and mandates that all registered funeral establishments must be licensed to sell these types of contracts. This bill has been signed into law, meaning its provisions are now in effect and funeral homes must comply with the new requirements.

Official Summary

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.) , Read More

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