Hosemann touts change in pre-need funeral law

Published 1:06 am Tuesday, May 26, 2009

Secretary of State Delbert Hosemann says changes in Mississippi’s pre-need funeral law will provide more monitoring and flexibility for consumers.

Changes to take effect July 1 will direct $10 from each customer’s contract to build up a fund geared to protect consumers against future reported contract problems.

Hosemann says payments for pre-need services will be portable, except for grave spaces, and customers can check in on funds available with trust officers to be set up at banks.

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When passed in 2001, the state’s Pre-Need Act stipulated that 50 percent of funds prepaid for burial and related services had to be deposited in a trust fund. In 2006, it was amended to 85 percent.