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FL S0512
Bill
Status
5/2/2014
Primary Sponsor
Regulated Industries
Click for details
AI Summary
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Adds exemption from cemetery regulations for religious institution-owned cemeteries between 5 and 60 acres that limit burials to members and their families.
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Requires exempt religious cemeteries to maintain annual certification showing separate account funds sufficient for maintenance costs and preneed agreements, with minimum balances of $1 million for cemeteries up to 30 acres and $2 million for cemeteries up to 60 acres.
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Extends preneed license exemption to religious cemeteries under the new exemption category, removing obsolete population-based county requirements that previously applied.
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Clarifies that preneed exemptions apply to religious cemeteries maintaining positive net worth at the end of each fiscal year.
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Effective date: July 1, 2014.
Legislative Description
Cemeteries
Last Action
Died in Banking and Insurance
5/2/2014