Rules & Regulations of the State of Tennessee
Title 0780 - Commerce and Insurance
Subtitle 0780-05 - Division of Regulatory Boards
Chapter 0780-05-10 - Pre-Need Funeral Service Contracts
Section 0780-05-10-.08 - TRUST INSTRUMENTS
Universal Citation: TN Comp Rules and Regs 0780-05-10-.08
Current through September 24, 2024
(1) Each trust instrument, and any amendments thereto, shall be filed with the Commissioner. Each trust instrument shall specify:
(a) the
name of the contract seller;
(b)
the name of the trustee;
(c) the
trustee's duties in conformance with the provisions of these rules;
(d) the basis for determining the trustee's
fee (if any); and
(e) any other
appropriate terms of the trusteeship.
(2) Each trust instrument shall bind the trustee to make available at reasonable times and places, on request by a contract buyer, the trustee's records of the trust account established pursuant to the contract buyer's pre-need contract.
(3) The Commissioner may require alterations or additions to a trust instrument if the Commissioner finds that it is not in accord with the provisions of these rules.
Authority: T.C.A. § 62-5-405(a) and (b).
Disclaimer: These regulations may not be the most recent version. Tennessee may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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