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Exam (elaborations)

FSE-116 Quiz #5 Correct / Verified By Experts

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  • FSE-116

Why have many states' pre-need laws been attached by third-party sellers? - ANSWER-Some states deprive preneed sellers of available income. Does "good faith" present a good defense if being investigated or inspected by the ADA and your facilities fall below their standards? - ANSWER-Yes, if the ...

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  • July 24, 2024
  • 3
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
  • FSE-116
  • FSE-116
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Vaster
FSE-116 Quiz #5 Correct / Verified By Experts
Why have many states' pre-need laws been attached by third-party sellers? - ANSWER-
Some states deprive preneed sellers of available income.
Does "good faith" present a good defense if being investigated or inspected by the ADA and your facilities fall below their standards? - ANSWER-Yes, if the funeral home can demonstrate that they tried -as best as resources would allow- to comply with the standards, then the ADA will consider this in their ruling.
How are accruals on pre-need insurance policies taxed? - ANSWER-Insurance funded accruals are not taxed.
Generally, what is the difficulty in locating a funeral home in a residential area? - ANSWER-Very difficult.
When determining whether or not a funeral home is a nuisance in its own geographical area, the courts would probably look primarily to the funeral homes': - ANSWER-
Neighbors of the funeral home.
Which of these would not cause a funeral home to be considered a nuisance? - ANSWER-Funeral prices being considered unreasonable with the surrounding area.
SSI & medicare clients are encouraged to enter into ____________ pre-need contracts.
- ANSWER-Irrevocable
A door-to-door sale is defined as a sale of consumer goods or services exceeding ___________ in which the seller personally solicits the sale and the sale is made at a place other than at the seller's place of interest. - ANSWER-25.00
The purchaser may not cancel the pre-need funeral contract if it is a ________ type. - ANSWER-Irrevocable

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