SB226
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Create a new section of KRS 367.934 to 367.974 to allow an agent that guarantees a price for all merchandise and services to be provided under a preneed burial contract to collect an administrative fee not to exceed 15% of the total amount of payments to be paid under the contract; prohibit the administrative fee from being paid more than once; prohibit the administrative fee from being paid until all installments have been paid; amend…
Introduced: February 24, 2026
Last action: April 10, 2026
In effect since July 15, 2026
Acts from the 2026 Regular Session that don't carry an emergency clause or set their own effective date took effect 90 days after the session adjourned (Ky. Constitution § 55).
Plain-language summary
This bill changes the rules for preneed burial contracts, which are agreements people sign in advance to plan and pay for their own funeral and burial arrangements. It allows companies that lock in a guaranteed price for all goods and services in these contracts to charge a one-time administrative fee of up to 15% of the total contract amount, but only after all installments have been paid in full. It also clarifies that this fee…
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Legislative History
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Co-sponsors (5)
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