HB3353 Summary

• Defines "agent" as a person authorized by a seller to offer, sell, or solicit pre-need funeral contracts, including employees and independent contractors.

• Requires pre-need contracts to include the telephone number for the seller's principal office and parent company (if any), and mandates ratification by a licensed funeral director employed by the funeral home within 10 business days.

• Requires funds to be deposited into trust within 10 business days after contract execution if the contract is funded by a trust.

• Establishes that sellers are responsible and liable for agent competency and veracity, and requires agents to provide written statements to purchasers clarifying their capacity and that only the seller is authorized to provide services.

• Prohibits sellers from being an affiliate, parent company, or subsidiary of the trustee holding funds for pre-need contracts, effective immediately upon enactment.