Florida Administrative Code
69 - DEPARTMENT OF FINANCIAL SERVICES
69K - Division of Funeral, Cemetery, and Consumer Services
Chapter 69K-7 - TRUSTS AND TRUST FUNDS
Section 69K-7.006 - Wholesale Purchase Price
Universal Citation: FL Admin Code R 69K-7.006
Current through Reg. 50, No. 187; September 24, 2024
(1) Each preneed licensee shall, prior to July 1st of each year, compile a list which includes the wholesale purchase price for each item of merchandise which the preneed license will provide for the subsequent twelve month period. The listed price shall be used to determine the amount to be deposited into the merchandise trust fund pursuant to Section 497.458(1), F.S.
(2)
(a) For merchandise, the listed wholesale
purchase price shall be the amount charged by the supplier on an invoice for
the item as of June 1, of the current year.
(b) If an invoice is not available, then the
listed wholesale purchase price shall be the manufacturer's catalogue price, or
the manufacturer's written statement of the wholesale purchase price, as of
June 1, of the current year.
(c)
Invoices and other documentation used to establish the listed wholesale
purchase price shall be maintained by the preneed
licensee.
Rulemaking Authority 497.103 FS. Law Implemented 497.283, 497.458 FS.
New 3-1-90, Formerly 3D-30.035, Amended 5-27-98, Formerly 3F-7.006, Amended 12-10-03.
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