Funeral/Mortuary

Preneed Regula Ɵ ons

If Trus Ɵ ng Permi Ʃ ed, What Percent Must Be Trusted?

What Type of Consumer Protec Ɵ on Fund Does Your Jurisdic Ɵ on Provide for Preneed?

Are Funeral Licensees Allowed to Sell Preneed?

Who Has Authority to Assess Fines and Penal Ɵ es?

Preneed Regulated by Statute?

What Types of Insurance Can Be Used to Fund Preneed?

What Is the Maximum Penalty?

Disposi Ɵ on of Monies Collected?

Is There an Appeal Process?

License Required to Sell Preneed?

$10,000/ willful viola Ɵ on $1,000/non ‐ willful

60 ‐ 110% (See AL footnote)

Yes, may request a hearing

Cer Ɵ fi cate of Authority from AL Department of Insurance

Permanent Life, Whole Life, Burial Insurance, Annuity

Dept. of Insurance

Alabama

NA

Yes

Yes

None

Alaska

NA

$5,000 ‐ $20,000

Insurance issued under a restricted COA from AB Insurance Council

Can be appealed to Minister of Service AB

Preneed Salesperson or Funeral Director

Funeral Board

Alberta

Yes

Yes

85%

Compensa Ɵ on Fund

General Fund

prosecu Ɵ on up to$100k

$1,000— $3,000/ viola Ɵ on

Establishment must have endorsement license & licensed salesperson

Permanent Life, Whole Life, Burial Insurance, Annuity

Funeral Board

Yes, may request a hearing

Arizona

Yes

No

100%

Surety Bonds

General Fund

Arkansas

Yes

Regulated by Department of Insurance

Permanent Life, Whole Life, Burial Insurance, Annuity

State Agency

See CA Code of Regula Ɵ ons O ffi ce of A Ʃ orney General Appeal to Superior Court

California

Yes

Regulated by Department of Insurance

Yes

100%

None

$5,000

Revenue Fund

Colorado

General Fund

Regulated by Department of Insurance

$5,000

Permanent Life, Whole Life, Burial Insurance, Annuity

Connec Ɵ cut

Yes

Funeral Director or Embalmer License

Yes

100%

None

State Board

$25,000

General Fund

Delaware

No

NA

Permanent Life, Whole Life, Burial Insurance, Annuity

Yes

Funeral Director

Yes

NA

None

State Board

$5,000

Yes

General Fund

Depends on viola Ɵ on

Yes, Admin. Law process

Division administra Ɵ on

Consumer Protec Ɵ on Trust Fund

(See FL Footnote 2)

Florida

Whole Life, Burial Insurance State Board

Yes

Preneed Main & Preneed Sales

Yes

Only the FDFCC

Permanent Life, Whole Life, Burial Insurance, Annuity

Georgia

Yes

Preneed Dealer & Preneed Sales Agent

100%

State Board

$10,000

Hearing

General Fund

None

Hawaii

Regulated by the Hawaii Department of Commerce and Consumer A ff airs

Administra Ɵ ve Procedures Act

Cer Ɵ fi cate of Authority ($50 license fee annually)

Permanent Life, Whole Life, Burial Insurance, Annuity

Board opera Ɵ on

Idaho

Yes

Yes

State Board

$1,000

NA

Illinois

Regulated by Illinois O ffi ce of the Comptroller

Preneed Consumer Protec Ɵ on Fund

Permanent Life, Whole Life, Burial Insurance

Indiana

100%

State Board

$1,000

Yes, judicial review General Fund

Yes

Cer Ɵ fi cate of Authority is required

Yes

Iowa

Yes

Regulated by IA Securi Ɵ es Commission

NA

Yes

17