Applicability of chapter
Sec. 1. (a) Except as provided in subsection (b), this chapter
applies to any written agreement between a purchaser and a seller
that obligates the seller to provide prepaid services or merchandise,
or both, for a named individual in conjunction with the death,
funeral, burial, or final disposition of the individual.
(b) Except as provided in subsections (c) and (d), this chapter
does not apply to the following:
(1) Perpetual care funds under IC 23-14-48.
(2) The sale of burial rights. However, this chapter applies to
the sale of services or merchandise sold in conjunction with the
sale of burial rights and to the use of free or discounted burial
rights as an inducement for a purchaser to transfer sellers.
(3) A contract between a purchaser and a seller that requires
delivery of prepaid services or merchandise, or both, not later
than one (1) year after the date of final payment and for
circumstances other than death.
(c) The annual reporting requirements of section 31 of this chapter
apply to a perpetual care fund.
(d) The solicitation requirements of section 24 of this chapter and
the provisions concerning inducement in section 13(h) of this chapter
apply to the sale of burial rights.
As added by P.L.200-1991, SEC.1. Amended by P.L.207-1993,
SEC.25; P.L.120-1994, SEC.2; P.L.241-1995, SEC.2; P.L.114-1999,
SEC.1; P.L.14-2000, SEC.62.
Last modified: May 27, 2006