HSB 546: HSB 546

What it does

_____ This bill relates to preneed sellers and purchase agreements (agreement) for cemetery merchandise, funeral merchandise, and funeral services. The bill provides that an agreement shall not be sold or transferred as part of the sale of a business, or the assets of a business, until the seller of the business (seller) has provided the buyer of the business (buyer) with copies of all agreements to be assumed by the buyer, as well as the additional information detailed in the bill. Current law requires a certified public accountant to complete a procedures engagement in accordance with the attestation standards established by the American institute of certified public accountants that verifies the adequacy or inadequacy of funding related to the agreements to be sold or transferred.

House subcommittee · named January 18, 2022

• Rep. Carter F. Nordman (R) · carter.nordman@legis.iowa.gov
• Rep. Steven Hansen (D)
• Rep. Cherielynn Westrich (R) · cherielynn.westrich@legis.iowa.gov

Lobbying · 4 for, 0 against

For: Federation of Iowa Insurers; Iowa Funeral Directors Association; Iowa Insurance Division; Older Iowans Legislature

In plain words

1. January 18, 2022Filed in the House and sent to the Commerce committee
2. January 18, 2022House subcommittee named: Nordman, Hansen and Westrich
3. January 26, 2022Subcommittee recommended passing it
4. January 26, 2022Approved by the House committee
5. January 28, 2022Approved by the House committee, and given a new number: HF 2155