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FL S0854
Bill
Status
4/1/2016
Primary Sponsor
Regulated Industries
Click for details
AI Summary
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Adds email addresses as required information for funeral, cemetery, and consumer services licensure applications and licensee records, with email notification becoming the primary communication method.
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Creates new withdrawal methods for cemetery care and maintenance trust funds: "net income withdrawal method" (monthly withdrawals of earned net income) and "total return withdrawal method" (quarterly withdrawals up to 5% of fair market value annually), with taxes on capital gains paid from trust principal.
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Removes the alternative surety bond option for preneed licensees under section 497.461 (with grandfather clause for existing licensees as of July 1, 2016) and requires trustees to furnish annual reports on preneed trust accounts beginning April 1, 2018.
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Specifies that cremated remains are not property and cannot be divided without consent from the legally authorized person who approved the cremation, with disputes resolved by court order.
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Changes disciplinary provisions to require (rather than authorize) the Board of Funeral, Cemetery, and Consumer Services to provide criteria for minor trust remittance deficiencies and prohibits fines if deficiencies are fully corrected within 30 days.
Legislative Description
Funeral, Cemetery, and Consumer Services
Last Action
Chapter No. 2016-172
4/1/2016