Iowa HSB600 amends regulations for preneed sellers, sales agents, and government cemeteries, including changes to trust fund management, inflation.

Iowa HSB600 modifies the state's regulations for preneed sellers, sales agents, and government cemeteries. It changes the method for calculating inflation adjustments for trust funds, requiring reliance on the U.S. Department of Labor's consumer price index instead of the commissioner's inflation rate. The bill also mandates that all cemeteries be designated as either perpetual care, nonperpetual care, or government cemeteries. It removes the requirement for annual audits for preneed sellers with trust arrangements and eliminates the need for government cemeteries to establish care funds.

Iowa HSB600 amends regulations for preneed sellers, sales agents, and government cemeteries, including changes to trust fund management, inflation.

Iowa HSB600 modifies the state's regulations for preneed sellers, sales agents, and government cemeteries. It changes the method for calculating inflation adjustments for trust funds, requiring reliance on the U.S. Department of Labor's consumer price index instead of the commissioner's inflation rate. The bill also mandates that all cemeteries be designated as either perpetual care, nonperpetual care, or government cemeteries. It removes the requirement for annual audits for preneed sellers with trust arrangements and eliminates the need for government cemeteries to establish care funds.