AN ACT relating to preneed burial contracts.

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Acts Chapter 88 — · 1K words Open full page ↗

( SB 226 )

AN ACT relating to preneed burial contracts.

Be it enacted by the General Assembly of the Commonwealth of Kentucky:

SECTION 1. A NEW SECTION OF KRS 367.934 TO 367.974 IS CREATED TO READ AS FOLLOWS:

(1) An agent that guarantees a price for all merchandise and full performance of all services to be provided

pursuant to a preneed burial contract may collect an administrative fee not to exceed fifteen percent (15%)

of the total amount of all payments to be paid under the contract.

(2) An administrative fee imposed under subsection (1) of this section shall not be collected:

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