A bill for an act relating to preneed sellers, sales agents and sales agent applicants, and government cemeteries.

This Iowa bill (SF 2148) updates rules for preneed cemetery and funeral services. It directly affects preneed sellers (cemetery/funeral businesses), their sales agents, and consumers who purchase these services. Key provisions require sellers to: (1) designate sales agents formally before licensing, (2) manage trust funds with specific inflation-adjusted withdrawal rules (capping at 50% of annual interest), (3) provide annual independent audits if not doing so, and (4) refund canceled contracts adjusted for inflation (with ≤10% expense deductions). All contracts must now include clear disclosure about Iowa’s insurance division oversight.