Loading chat...
IA HF2634
Bill
Status
Engrossed
3/5/2026
Primary Sponsor
Commerce
Click for details
AI Summary
- Requires preneed sellers with trust arrangements to undergo examination by the insurance commissioner at least once every five years, unless they provide annual certified audits verifying compliance
- Allows sellers to withdraw interest or income from trust funds up to 50% annually, based on the difference between inflation adjustment needs (using the consumer price index) and earned income from the preceding year
- Mandates that sales license applicants be designated by at least one preneed seller before licensure, with preneed sellers required to file documentation of this designation with the commissioner
- Requires preneed sellers to disclose any changes to sales agent designations within thirty calendar days of the change
- Makes preneed seller licensees liable for the acts of their sales agents when advertising, selling, promoting, or offering funeral merchandise, cemetery merchandise, or funeral services
Legislative Description
A bill for an act relating to preneed sellers, sales agents and sales agent applicants, and government cemeteries.(Formerly HSB 600.)
Last Action
Subcommittee: Reichman, Bisignano, and Bousselot. S.J. 560.
3/12/2026
Committee Referrals
State Government3/9/2026
Full Bill Text
No bill text available