Section 832 IAC 8-1-2 - Purpose of the preneed consumer protection fundAuthority: IC 25-15-9-8; IC 30-2-13-34
Affected: IC 23-14-49-1; IC 30-2
Sec. 2.
The purpose of the preneed consumer protection fund established under IC 30-2-13-28 is to provide restitution to the following:
(1) A purchaser of a preneed contract under IC 30-2-13.(2) An individual who has established a funeral trust under IC 30-2-9 or IC 30-2-10.(3) An individual who has established a cemetery escrow or trust under IC 23-14-49-1.(4) The estate of an individual described in subdivision (1), (2), or (3).(5) A funeral home, funeral director, or cemetery owner that performs a defaulted contract when the original seller of the prepaid services or merchandise has defaulted on a contract.State Board of Funeral and Cemetery Service; 832 IAC 8-1-2; filed Mar 11, 2013, 2:50 p.m.: 20130410-IR-832120198FRAReadopted filed 11/27/2019, 3:13 p.m.: 20191225-IR-832190184RFA