Wisconsin Administrative Code
Funeral Directors Examining Board
Chapter FD 6 - Burial Agreements Funded With Life Insurance
Section FD 6.08 - Contractual standards for agents and operators of funeral establishments
Current through August 26, 2024
A copy of each contract between an agent and an operator of a funeral establishment shall be sent to the board along with the agent's application for registration as required in s. FD 6.03. A contract between an agent and an operator of a funeral establishment shall include all of the following:
(1) A statement that the agent is currently licensed as a life insurance intermediary in Wisconsin and is currently listed with an insurer or insurers who is authorized to sell life insurance used to fund a burial agreement in Wisconsin.
(2) A statement that the agent has received the required training pursuant to s. 445.125(3m) (b) 2 a., Stats., and will obtain any additional training as required by the board.
(3) A statement that the agent shall immediately notify the operator of the funeral establishment at any time while the contract between the agent and operator of the funeral establishment is in effect if any of the following occur:
(4) A statement that the agent will abide by the funeral industry practices regulations of the federal trade commission, and all applicable Wisconsin statutes and rules.
(5) A statement as to whether the sales commission or other form of compensation is being paid to the agent who sells or solicits the sale of a burial agreement and the life insurance used to fund the burial agreement and, if so, the identity of any other persons to whom the commission or other compensation is paid.
