58-9-706. Trust funds and insurance reports.
97 words·~1 min read·
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58-9-706. Trust funds and insurance reports.
(a)Each funeral service establishment shall maintain an annual report of preneed trust funds and insurance.
(b)The report shall contain:
(i)the name of the trustees with which the funeral service establishment has trust funds on deposit; and
(ii)the amount remaining on deposit in the trust fund on:
(A)December 31 of the preceding year; or
(B)another annual reporting period as the division may establish.
(2)Each funeral service establishment may be audited by the division at any time.
Amended by Chapter 144 , 2007 General Session