HB3227 Summary

• Amends the Illinois Funeral or Burial Funds Act and Illinois Pre-Need Cemetery Sales Act to establish new disclosure requirements and contractual standards for pre-need funeral and cemetery sales.

• Requires pre-need contracts to clearly identify the seller, trustee (if trust-funded), life insurance provider (if applicable), and provide detailed disclosures about funding methods, price guarantees, and potential additional charges or refunds.

• Establishes solicitation requirements prohibiting untrue statements, misleading advertisements, calls between 9:00 p.m. and 8:00 a.m., and unsolicited contact to hospitals and nursing homes; requires maintenance of a "do-not-call" list.

• Mandates that all pre-need contracts be in writing with at least 11-point type, numbered, executed in duplicate, specify execution date and location, and include purchaser initials confirming the seller explained contract terms prior to signing.

• Requires sellers to distribute a State Comptroller-approved consumer booklet prior to sale and obligates licensees to maintain detailed records of trust funds, insurance policies, and annual reports for examination by the Comptroller.