IA SF2148

Requires preneed sellers with trust arrangements to undergo commissioner examinations at least once every five years, unless they provide annual certified audits by independent CPAs verifying compliance

Allows sellers to withdraw up to 50% of annual trust interest/income representing the difference between inflation-adjusted amounts (based on Consumer Price Index) and actual earnings, without affecting purchaser refund rights

Mandates sales license applicants be designated by at least one preneed seller before licensure, with preneed sellers required to file designation documentation with the commissioner

Requires preneed sellers to disclose any changes to sales agent designations within 30 calendar days of the change

Holds preneed seller licensees liable for acts of their sales agents in advertising, selling, promoting, or offering cemetery merchandise, funeral merchandise, and funeral services