CA AB374

Requires a completed application to be filed along with a fee and audit report for assigning a funeral establishment's license.

Allows applicants to request approval for a surety bond instead of an audit report if they cannot provide one due to estate matters or litigation involving the director.

Requires the surety bond amount to equal 150 percent of the trust fund corpus, and mandates annual bond renewal requests if an audit report is not submitted.

Imposes administrative penalties of up to $5,000 per violation for applicants who knowingly provide false or misleading information in their assignment request.

Requires assignees to maintain the surety bond after the funeral establishment's license is assigned and to comply with all provisions previously placed on the assignor.