§ 58-9-706. Trust funds and insurance reports.  


Latest version.
  • (1)
    (a) Each funeral service establishment shall maintain an annual report of preneed trust funds and insurance.
    (b) The report shall contain:
    (i) the name of the trustees with which the funeral service establishment has trust funds on deposit; and
    (ii) the amount remaining on deposit in the trust fund on:
    (A) December 31 of the preceding year; or
    (B) another annual reporting period as the division may establish.
    (2) Each funeral service establishment may be audited by the division at any time.
Amended by Chapter 144, 2007 General Session