VA LRR – Preneed { Study set for the Virginia Laws, Rules & Regulations exam for funeral directors and embalmers Virginia laws governing preneed (18VAC65-30-10 et seq.)} Questions And Correct Answers
VA LRR – Preneed { Study set for the Virginia Laws, Rules & Regulations exam for funeral directors and embalmers Virginia laws governing preneed (18VAC65-30-10 et seq.)} Questions And Correct Answers 10% of funds may be retained by the contract provider when the contract is funded by a _____account. - ANSWER : trust Contract providers, i.e. funeral homes, must keep a listing of all preneed contracts in ______________ OR _______________ order. - ANSWER : chronological; alphabetical The funeral home's listing of preneed contracts shall include these 6 things: - ANSWER : 1. name of the contract buyer 2. name of the contract beneficiary 3. date the contract was made 4. how the contract was funded, where the contract was funded, and where the funds are maintained 5. whether or not up to 10% of funds are retained by the contract provider, if funded through a trust account 6. whether funeral goods and supplies are stored for the contract buyer If a contract provider that sells preneed discontinues its business operations, by closure or by change in ownership, who must be notified in writing? (2 answers) - ANSWER : 1. The VA Board of Funeral Directors and Embalmers 2. each existing contract buyer A closing firm must provide the Board with a _______________ at the time of closure. (5 words) - ANSWER : current list of preneed contracts
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va lrr preneed study set for the virginia law
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