Iowa HF2634 modifies regulations for preneed sellers, sales agents, and government cemeteries.

Iowa HF2634 revises laws governing preneed sellers, sales agents, and government cemeteries. It removes the requirement for the commissioner to conduct a five-year examination of preneed sellers with trust arrangements unless they fail to provide an annual audit. The bill also eliminates exceptions allowing certain entities to serve as trustees for care funds. It removes the cash requirement for care funds and mandates that inflation adjustments for trust funds be based on the consumer price index. The bill repeals sections related to sales agent annual reporting and neglected cemeteries.

Iowa HF2634 modifies regulations for preneed sellers, sales agents, and government cemeteries.

Iowa HF2634 revises laws governing preneed sellers, sales agents, and government cemeteries. It removes the requirement for the commissioner to conduct a five-year examination of preneed sellers with trust arrangements unless they fail to provide an annual audit. The bill also eliminates exceptions allowing certain entities to serve as trustees for care funds. It removes the cash requirement for care funds and mandates that inflation adjustments for trust funds be based on the consumer price index. The bill repeals sections related to sales agent annual reporting and neglected cemeteries.