The bill amends existing laws regarding prearrangement funeral services in Washington State, specifically RCW 18.39.010 and RCW 18.39.250. Key changes include the definition of a "Prearrangement funeral service contract," which now explicitly excludes funeral merchandise delivered within 30 days of sale and transportation protection agreements. Additionally, a new definition for "Transportation protection agreement" is introduced, clarifying its purpose in coordinating transportation services for human remains. The bill also modifies the requirements for funeral establishments regarding the establishment of prearrangement funeral service trusts, stating that they are not required to trust moneys for merchandise delivered within 30 days or for transportation protection agreements.

Further amendments include increasing the percentage of the cash purchase price that a funeral establishment may retain from 10% to 20%, and reducing the percentage of the cash purchase price that must be placed in trust from 90% to 80%. The bill also stipulates that all funds in the prearrangement funeral service trust must be deposited in an insured account and outlines the conditions under which funds may be withdrawn. It emphasizes the importance of maintaining adequate records and ensuring that administrative fees do not diminish the value of the trust. Overall, the bill aims to provide clearer guidelines and protections for consumers engaging in prearrangement funeral services.

Statutes affected:
Original Bill: 18.39.010, 18.39.250