26RS SB 226

Actions

Last Action	02/24/26: to Committee on Committees (S)
Title	AN ACT relating to preneed burial contracts.
Bill Documents	Introduced
Bill Request Number	2142
Sponsors	G. Elkins, S. Madon, R. Mills
Summary of Original Version	Create a new section of KRS 367.934 to 367.974 to allow an agent that guarantees a price for all merchandise and services to be provided under a preneed burial contract to collect an administrative fee not to exceed 15% of the total amount of payments to be paid under the contract; prohibit the administrative fee from being paid more than once; prohibit the administrative fee from being paid until all installments have been paid; amend KRS 367.934 to conform; amend KRS 367.936 to exempt an administrative fee imposed on a fully paid contract from the refund requirements; make technical amendments; direct that the Act applies to contracts entered into on or after the effective date of the Act.
Index Headings of Original Version	Cemeteries And Burials - Preneed burial contracts, administrative fee Contracts - Preneed burial contracts, administrative fee Fees - Preneed burial contracts, administrative fee Funerals And Funeral Directors - Preneed burial contracts, administrative fee