North Carolina Administrative Code
Title 21 - OCCUPATIONAL LICENSING BOARDS AND COMMISSIONS
Chapter 34 - FUNERAL SERVICE
Subchapter D - PRENEED FUNERAL CONTRACTS
Section .0300 - OPERATIONS
Section 34D .0302 - ANNUAL REPORT
Current through Register Vol. 39, No. 6, September 16, 2024
Each preneed funeral establishment licensee shall file an annual report with the Board. The report shall include the following:
(1) the total number of standard and inflation-proof trust-funded and insurance-funded preneed funeral contracts maintained by the licensee;
(2) the number of contracts sold in the reporting period;
(3) the number of contracts that expired, including contracts performed, revoked and transferred, in the reporting period;
(4) the total year-end balance of all preneed trust accounts maintained at each financial institution;
(5) the total year-end balance of all insurance-funded preneed contracts written with each insurance company;
(6) for each preneed contract sold, whether the preneed contract is active, performed, cancelled, or lapsed; and
(7) for each active preneed contract, the current insurance policy value or trust account balance.
The annual report shall be certified as correct by the location manager registered under G.S. 90-210.25(d)(2)a. or by a corporate officer of the preneed establishment licensee. The annual report shall be filed not later than March 31 each year by each firm holding a preneed establishment license at any time during the preceding year ending December 31.
Authority
G.S.
90-210.69(a);
90-210.68(a);
Eff. May 1, 1993;
Amended Eff. September 1, 2009;
Pursuant to
G.S.
150B-21.3A, rule is necessary without
substantive public interest Eff. August 19, 2017;
Amended Eff.
October 1, 2021.
