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Terms Used In Florida Statutes 497.455

  • Contract: A legal written agreement that becomes binding when signed.
  • Preneed: means any arrangement or method, of which the provider of funeral merchandise or services has actual knowledge, whereby any person agrees to furnish funeral merchandise or service in the future. See Florida Statutes 497.005
  • Trustee: A person or institution holding and administering property in trust.
Any preneed contract that requires the moneys paid to the seller or trustee to be placed in trust and fails to comply with s. 497.458 shall comply with and be construed under s. 497.464.
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