Current through Register Vol. 63, No. 9, September 1, 2024
(1)
Each entity desiring to obtain a certification shall apply by submitting a
written application with the director.
(2) An application must contain the following
on or with a form prescribed by the director:
(a) A list of all officers, directors, and
owners of the business;
(b)
Information concerning the applicant's identity and business
address(es);
(c) If the applicant
is an individual or sole proprietorship, the applicant's social security
number. Provision of this number is mandatory and failure to provide the
applicant's social security number shall be considered grounds for denying
certification to the applicant.
(d)
The business, professional or work history of all persons identified in
subsection (2)(a) of this rule;
(e)
Proof that the entity is legally qualified to conduct business in this state,
having made the appropriate filings with the Secretary of State;
(f) The master trustee and depository(ies)
the applicant intends to use for funds received from the sale of the
prearrangement plans;
(g) For
certified providers who place trust funds in a depository and will not be using
a master trustee for long-term trust investment, financial statements
including:
(A) A copy of the applicant's most
recent audited financial statement, including balance sheet, statement of
income or loss, statement of changes in shareholder equity and statement of
changes in financial position. All financial statements must be prepared by an
independent certified public accountant in accordance with generally accepted
accounting principles; and
(B) If
the audited financial statement is more than six months old, an internally
prepared statement for the most recent month;
(h) A list of prearrangement plans to which
the applicant was a party at the date of application; and
(i) A certification fee as set in OAR
441-930-0270.
(3) The director may conduct a
background check of any officer, director, or owner applying for certification.
The background check may include information solicited from Oregon State
Police.
(4) Authority for operation
as a certified provider is continuing and remains in effect until surrendered
by the provider or revoked or suspended by the director.
Stat. Auth.: ORS
97.926,
97.933, &
97.948
Stats. Implemented: ORS
97.933 &
97.948
