This bill provides for a type of insurance for prearranged funeral services or plans. The bill:
1. Defines pre-need insurance and permits its sale in the State;
2. Permits a funeral director to sell pre-need insurance to a consumer who has approached a funeral home to preplan a funeral as long as the funeral director is licensed as an insurance producer;
3. Prohibits so-called cold-calling to solicit prearranged funeral agreements;
4. Requires that the proceeds of pre-need insurance may not exceed the goods and services contracted for in a prearranged funeral service or plan agreement;
5. Requires certain disclosures to applicants with regard to the sale of pre-need insurance; and
6. Authorizes the payment of commissions in connection with the sale of pre-need insurance.

Statutes affected:
Bill Text LD 867, HP 553: 24-A.1420, 24-A.2176, 32.1401, 32.1402