What is the length of a granted preneed license by appointment by licensee?
24 months
12 months
3 years
4 years
Up to how many month's duration is the probationary period for a preneed sales license to be granted if the applicant has a criminal/disciplinary record and petition the Board?
6
12
24
36
Within how many days of issue date of a temporary preneed sales license can the licensee apply for a permanent preneed sales license if the criminal check and fingerprints are all in good standing?
30
20
90
60
How many days from the time a preneed sales license is issued is it considered valid?
120
On or before what date annually do trustees furnish the report of trust activity to the Department?
April 1st
July 1st
August 31st
June 1st
Within how many days after the end of the month where payment is received do preneed licensees deposit the funds?
3
45
15
You cannot sell preneed or accept money for payment of a preneed contract unless you hold a valid license pay a fine serve jail time ask permission from the Department( hold a valid license, pay a fine, serve jail time, ask permission from the Department ).
You cannot make preneed arrangements for services, merchandise, or burial rights unless you are in a licensed funeral establishment, cemetery company Medical Examiner's Office insurance sales administration Department of Vital Statistics( cemetery company, Medical Examiner's Office, insurance sales administration, Department of Vital Statistics ), direct disposal establishment, or monument establishment.
If an applicant for a preneed sales license cannot prove their net worth is up to $20,000 50,000 1,000,000 75,000( 20,000, 50,000, 1,000,000, 75,000 ).00, they can opt to provide documents proving their financial stability with a credit report, written statements, a business plan, an agreement to submit frequent reports, etc...
You can get a "probationary" preneed sales license for your first 12 6 3 18( 12, 6, 3, 18 ) months while the licensing authority ensures you are qualified and competent in your duties.
Preneed licenses expire on June 1st August 1st July 31st July 1st( June 1st, August 1st, July 31st, July 1st ) each year.
Preneed licensees must file a full financial statement with the Department within 3 2 6 12( 3, 2, 6, 12 ) months after the end of its fiscal period.
Preneed licensees must file a full statement of trust activities on or before April 1st June 1st August 31st July 31st( April 1st, June 1st, August 31st, July 31st ) each year.
Preneed contracts must have sequential prenumbering the phone number to the CFO 2 copies of the contract in each file signatures from manufacturers( sequential prenumbering, the phone number to the CFO, 2 copies of the contract in each file, signatures from manufacturers ), are not ambiguous/misleading, aren't illegible, have a consistent font size, list the type/design/size of merchandise, and follow public policy.
Preneed licensees can charge a fee for processing/filing/archiving documents, but it must be disclosed and printed on the price list company website bottom portion of contract licensee's business card( price list, company website, bottom portion of contract, licensee's business card ).
The Preneed Funeral Contract Consumer Protection Contractual Regulation Purchaser Protection Asset Aquisition( Funeral Contract Consumer Protection, Contractual Regulation, Purchaser Protection, Asset Aquisition ) Trust Fund can pay for restitutions, covering breached contracts, mishandled life insurance matters, etc...
All funds paid into preneed contracts by purchasers are the sole property of and within the full dominion/control of the preneed licensee consumer trust fund agency national bank( preneed licensee, consumer, trust fund agency, national bank ).
The preneed sales agent must deposit: 70% 110% 100% 30%( 70%, 110%, 100%, 30% )+ for sold services/facilities rented 100% 50% 30% 70%( 100%, 50%, 30%, 70% ) of cash advance items sold 30% 70% 100% 50%( 30%, 70%, 100%, 50% ) of or 110% wholesale price of merchandise
Trustees can borrow up to 10 5 30 70( 10, 5, 30, 70 )% of trust assets.
Customers have the right to cancel preneed contracts within 30 60 90 120( 30, 60, 90, 120 ) days of contract execution as long as burial rights/services/merchandise all remain unused still.
Upon the breach of a preneed contract/failure to provide services and merchandise, a full refund is entitled within 30 15 60 90( 30, 15, 60, 90 ) days of the preneed licensee receiving a written request from the purchaser that requests the refund.
Contracts are considered to be in default if the purchaser is 90 7 30 60( 90, 7, 30, 60 ) days past due on payments; licensee can cancel and withdraw the funds as liquidated damages, returning the money for services, facilities, and cash advances to the purchaser within 30 days of written notice.
Irrevocable contracts cannot be canceled in life or death of purchaser; unexpended cash advance excess most( unexpended, cash advance, excess, most ) funds will be remitted to the Agency for Health Care Administration and later Medical Care Trust Fund after disposition of the beneficiary.
Licensees can take out a security insurance preneed sales( security, insurance, preneed, sales ) bond as a safety blanket.
A permanent preneed sales license can be terminated if no appointments have been made for 48 6 12 24( 48, 6, 12, 24 ) consecutive months.
Preneed sales licensees shall determine and notify purchasers in writing that merchandise selected will be accepted by cemetery of choice canceled if the licensee quits insured quality inspected( accepted by cemetery of choice, canceled if the licensee quits, insured, quality inspected ).
A complete pictured numbered rough( complete, pictured, numbered, rough ) description of any monument, marker, or memorialization to be placed at a gravesite must be on the preneed contract.
