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
Sponsor	G. Elkins
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