AN ACT relating to preneed burial contracts.

Summary

The bill lets agents charge a one‑time administrative fee of up to 15% of the total contract price, but only after all installments are paid. It requires all payments for preneed burial contracts to be held in a trust account and released only after the purchaser’s death and proof that services were fully performed. It also gives buyers a 15‑day notice right to get a refund of the money they paid, minus the admin fee.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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