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Virginia Administrative Code (Last Updated: January 10, 2017) |
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Title 18. Professional and Occupational Licensing |
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Agency 65. Board of Funeral Directors and Embalmers |
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Chapter 30. Regulations for Preneed Funeral Planning |
Section 70. Record reporting
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A. A contract provider shall keep a chronological or an alphabetical listing of all preneed contracts. The listing shall include the following:
1. Name of contract buyer;
2. Name of contract beneficiary;
3. Date of contract;
4. How contract was funded;
5. Whether up to 10% of funds are retained by the contract provider for contracts funded through trust; and
6. Whether funeral goods and supplies are stored for the contract buyer.
B. A contract provider who discontinues its business operations shall notify the board and each existing contract buyer in writing.
Historical Notes
Derived from VR320-01-3 § 3.2, eff. March 1, 1991; amended, Volume 09, Issue 22, eff. August 25, 1993; Volume 11, Issue 14, eff. May 3, 1995; Volume 15, Issue 07, eff. January 20, 1999; Volume 29, Issue 25, eff. September 26, 2013.