KentuckySB 2262026 Regular SessionSenateWALLET

AN ACT relating to preneed burial contracts.

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Bill Overview

Analyzed Economic Effects

3 provisions identified: 2 benefits, 0 costs, 1 mixed.

Refund rights for preneed funerals

You can demand a refund of all money you paid, plus all interest or growth. Send 15 days’ written notice to the agent and the trustee. If you do not know the trustee, notice to the agent is enough. Any allowed one‑time administrative fee on a fully paid contract is not refunded. After the trustee pays you, it must notify the agent and is no longer liable to the agent for that payment. The trustee may rely on required certifications and affidavits.

One-time preneed fee capped at 15%

If the agent guarantees prices and full performance, the agent may charge a one‑time administrative fee up to 15% of the total contract payments. You cannot be charged this fee more than once, even after a transfer to a new provider. If you pay in installments, the fee cannot be collected until all installments are paid. These fee rules apply to contracts signed on or after the law’s effective date.

Trust protections for funeral prepayments

Money you pay ahead for funeral goods and services is kept in a trust at a bank, trust company, savings and loan, or federally chartered credit union. The institution is the trustee, and any interest stays with the principal in the trust. Funds stay in the trust until the person dies and all goods and services are delivered, unless you ask for a refund. The trustee pays only after the agent certifies full performance and provides a certified death record or provisional death certificate. Any leftover money after payment goes to the deceased person’s estate. The agent can change the trustee but must notify the Attorney General, and funds must be transferred to the new trustee. These trust rules do not cover cemetery lots or mausoleums, and they do not cover burial insurance policies regulated by the Department of Insurance.

Sponsors & Cosponsors

Sponsor

Greg Elkins
Republican • Senate

Cosponsors

Craig Richardson
Republican • Senate
Danny Carroll
Republican • Senate
Matt Nunn
Republican • Senate
Robby Mills
Republican • Senate
Scott Madon
Republican • Senate

Roll Call Votes

All Roll Calls

Yes: 131 • No: 0

House vote • 3/31/2026

3rd reading, passed

Yes: 93 • No: 0

Senate vote • 3/10/2026

3rd reading, passed

Yes: 38 • No: 0

Actions Timeline

signed by Governor (Acts Ch. 88)
4/10/2026
delivered to Governor
3/31/2026
enrolled, signed by Speaker of the House
3/31/2026
enrolled, signed by President of the Senate
3/31/2026
received in Senate
3/31/2026Senate
3rd reading, passed 93-0
3/31/2026
posted for passage in the Regular Orders of the Day for Wednesday, March 25 2026
3/24/2026
2nd reading, to Rules
3/20/2026
reported favorably, 1st reading, to Calendar
3/19/2026
to State Government (H)
3/16/2026House
to Committee on Committees (H)
3/11/2026House
received in House
3/11/2026House
3rd reading, passed 38-0
3/10/2026
posted for passage in the Regular Orders of the Day for Tuesday, March 10 2026
3/6/2026
2nd reading, to Rules
3/5/2026
reported favorably, 1st reading, to Calendar
3/4/2026
to State & Local Government (S)
3/2/2026Senate
to Committee on Committees (S)
2/24/2026Senate
introduced in Senate
2/24/2026Senate

Bill Text

Current
3/10/2026
PDF
Introduced
3/10/2026
PDF

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