Funeral contracts-investment and bonding requirements.

HB 181 updates rules for prepaid funeral contracts in Wyoming. It allows funeral homes to invest buyer funds in special trust accounts (compliant with existing laws) instead of requiring direct deposits in banks, while clarifying that investment earnings benefit the seller, not the buyer. The bill requires sellers to notify buyers about investment types and risks, and specifies that contracts become irrevocable once funds enter the trust. It also ensures that bond requirements for these funds won’t exceed existing minimums. This directly affects funeral homes selling prepaid services and their buyers.