Admin. R. Mont. 24.147.1606
Mortuary and Crematory Preneed Trust Accounts – General
Effective Nov 25, 2017Authorizing statute(s): 37-1-131, 37-19-202, 37-19-708, 37-19-807, MCA; Implementing statute(s): 37-1-131, 37-19-708, 37-19-827, 37-19-828, 37-19-829, MCAState of Montana
- (1) These rules are for the purpose of regulating management of preneed funeral trust accounts per the requirements of Title 37, chapter 19, part 8, MCA.
- (2) Mortuaries and crematories licensed by the board must establish, maintain, and manage preneed funeral trust funds and appropriate financial records per requirements in statute and these rules.
- (3) Mortuaries and crematories licensed by the board must maintain all financial records pertaining to preneed funeral trusts so those are readily available for inspection and examination by the board.
- (4) Mortuaries and crematories licensed by the board must submit an annual preneed funeral trust report to the board on a board-developed reporting form per the requirements in ARM 24.147.1608.
Authorizing statute(s): 37-1-131, 37-19-202, 37-19-708, 37-19-807, MCA
Implementing statute(s): 37-1-131, 37-19-708, 37-19-827, 37-19-828, 37-19-829, MCA
History: NEW, 2017 MAR p. 2187, Eff. 11/25/17.