Indiana Administrative Code
Title 832 - STATE BOARD OF FUNERAL AND CEMETERY SERVICE
Article 8 - CONSUMER PROTECTION FUNDS
Rule 1 - Preneed Consumer Protection Fund
Section 1-2 - Purpose of the preneed consumer protection fund
Universal Citation: 832 IN Admin Code 1-2
Current through September 18, 2024
Authority: 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.
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