Florida Administrative Code
69 - DEPARTMENT OF FINANCIAL SERVICES
69K - Division of Funeral, Cemetery, and Consumer Services
Chapter 69K-5 - CEMETERY REGULATION AND PRENEED SALES
Section 69K-5.0015 - Preneed Licenses
Current through Reg. 50, No. 187; September 24, 2024
(1) For purposes of a corporation qualifying for a preneed licensee pursuant to subsection 497.452(3), F.S., by use of a corporate agent, such corporate agent must have common ownership in excess of 50% of the voting stock with the preneed licensee or applicant. If the applicant or preneed licensed is a not-for-profit corporation, then it must have common membership with any corporate agent through which it plans to sell preneed contracts in accordance with subsection 497.452(3), F.S.
(2) Nothing herein shall prohibit a corporate preneed licensee from selling preneed contracts through corporate subsidiaries or other entities with common ownership in excess of 50% of the voting stock or common membership in the case of not-for-profit corporations, so long as such entities are made known to the Board prior to any such preneed sales provided:
Rulemaking Authority 497.103 FS. Law Implemented 497.452(3) FS.
New 10-15-95, Formerly 3F-5.0015, Amended 1-12-04.
