16-301.   Prearranged funeral agreements;conditions.Any agreement, contract or plan requiring the payment of money in a lumpsum or installments which is made or entered into withany person,association, partnership, firm or corporation for the final disposition ofa dead human body, or for funeral or burial services, or for the furnishingof personal property or funeral or burial merchandise, wherein the deliveryof the personal property or the funeral or burial merchandise or thefurnishing of services isnot immediately required, is hereby declared to be against public policyand void, unless all money paid thereunder shall be deposited in a bank orsavings and loan association which is authorized to dobusiness in this state and insured by a federal agency, or invested in acredit union which is insured with an insurer or guarantee corporation asrequired under K.S.A. 17-2246, and amendments thereto, all as herein provided,and subject to the terms of an agreement for the benefit of thepurchaser of the agreement, contract orplan. For the purposes of this act, personal property or funeral or burialmerchandise shall include caskets, vaults and all other articles ofmerchandise incidental to a funeral service, but shall not include gravelots, grave spaces, grave memorials, tombstones, crypts, niches andmausoleums. This act shall not prohibit the funding of a prearranged funeralagreement with insurance proceeds derived from a policy issued by an insurancecompany authorized to conduct business in this state.

      History:   L. 1953, ch. 54, § 1;L. 1973, ch. 86, § 1;L. 1976, ch. 97, § 1;L. 1983, ch. 76, § 1;L. 1989, ch. 48, § 70;L. 1994, ch. 229, § 3;L. 2002, ch. 106, § 1; July 1.