Funeral/Mortuary

Preneed Regula Ɵ ons

What Type of Consumer Protec Ɵ on Fund Does Your

If Trus Ɵ ng Is Permi Ʃ ed, What

Are Funeral Licensees Allowed to Sell Pre ‐ need?

Who Has Authority to Assess Fines and Penal Ɵ es?

Is Pre ‐ need Regulated by Statute?

What Types of Insurance Can Be Used to Fund Pre ‐ need?

What Is the Maximum Penalty?

Is There an Appeal Process?

Disposi Ɵ on of Monies Collected?

What License, if Any, Is Required to Sell Pre ‐ need?

Percent Must Be Trusted?

Jurisdic Ɵ on Provide for Pre ‐ need?

Board opera Ɵ on

Oklahoma

Yes

Insurance Provider license

Yes

90%

None

NA

State Board

$10,000

Yes, district courts

Licensed under the Funeral, Burial, & Crema Ɵ on Services Act of 2002 Funeral Preplanner

Compensa Ɵ on Fund Permanent Life, Whole Life, Burial Insurance, Annuity

License Appeal Tribunal Administra Ɵ ve hearing; court of appeals

Ontario

Yes

Yes

Revenue Fund

90%

Courts

License revoca Ɵ on

Consumer Protec Ɵ on Fund

Board opera Ɵ on Board opera Ɵ on

Oregon

Yes

Pre ‐ need Salesperson

Yes

Whole Life, Burial Insurance State Board

$1,000

90% ‐ 100%

Permanent Life, Whole Life, Burial Insurance, Annuity State Board

No maximum penalty

Pennsylvania

Yes

License not required

Yes

NA

None

Yes

Rhode Island

NA

Prepaid Funeral Service Assurance Fund

Province board Dept. of Consumer A ff airs

Superintendent then Courts

Board opera Ɵ on

Saskatchewan

Annuity

$5,000 ‐ $15,000

Yes

Salesperson

Yes

85%

South Carolina

Yes

NA

Yes

NA

Yes

NA

Permanent Life, Whole Life, Burial Insurance, Annuity Permanent Life, Whole Life, Annuity

South Dakota

Yes

License not required

Yes

85%

None

None

NA

Tennessee

Program opera Ɵ on

Consumer protec Ɵ on fund

Commiss ‐ ioner

Preneed Seller for Establishments & Preneed Sales Agent for Individuals Permit or sell under a permit holder, TX Department of Banking Preneed Sales Agent & Preneed provider (insurance license required if selling plans by insurance)

$1,000

Yes

100%

Yes

Yes

Yes, DOI and DOB

Texas

Yes

NA

May request a cita Ɵ on hearing General Fund

Utah

Yes

Yes

100%

None

Whole Life

State Board

$2,000

Permanent Life, Whole Life, Burial Insurance, Annuity State Board

Vermont

Yes

None

Yes

100%

Yes

$1,000

Yes

General Fund

Funeral Service or Funeral Director Licensee/Insurance

Virginia

Yes

90%

None

Annuity

NA

No

NA

Yes

Permanent Life, Whole Life, Annuity

Board opera Ɵ on

Washington

Insurance Producer license

Yes

90%

None

State Board $5,000 per viola Ɵ on

Yes

Yes

West Virginia

Yes, by WV AG o ffi ce

Licensed Insurance Agent (meets req. under FD6)

Wisconsin

Yes

Yes

100%

None

Whole Life, Annuity

State Board

$1,000

Yes

General Fund

Wyoming

NA

Yes, by DOI

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