Delaware Administrative Code
Title 5 - Banking
3400 - Funeral Contracts
3401 - Operating Regulation
Section 3401-5.0 - Annual Statements to Preneed Contract Beneficiaries

Universal Citation: 5 DE Admin Code 3401-5.0

Current through Register Vol. 28, No. 3, September 1, 2024

5.1 At least once, annually, each licensee shall deliver, to each beneficiary of its preneed funeral contracts, or an appropriate representative of the beneficiary, a statement containing the following information:

5.1.1 the name and address of the financial institution where the trust account for the contract is held;

5.1.2 the total amount held in that trust account at the beginning of the statement period;

5.1.3 the number and amounts of payments received during the statement period;

5.1.4 the amount of interest accrued during the statement period; and

5.1.5 the total amount held in the trust account at the end of the statement period.

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