Hawaii Administrative Rules
Title 16 - DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS
Chapter 75 - CEMETERIES AND FUNERAL TRUSTS
Subchapter 6 - TRUST ADMINISTRATION
Section 16-75-40 - Withdrawals from the trust account; principal
Universal Citation: HI Admin Rules 16-75-40
Current through August, 2024
(a) The trustee of the pre-need trust account shall permit withdrawal of principal only under the following circumstances and conditions:
(1) If the licensee files a certified
statement with the trustee that the pre-need merchandise and services covered
by a pre-need contract have been furnished and delivered in accordance
therewith; or
(2) If the licensee
files a verified statement that a specified pre-need contract has been
cancelled in accordance with its terms.
(b) The trustee of the perpetual care trust account shall not permit nor withdraw money from the principal and shall keep the principal forever irreducible and inviolable.
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