Viewing an earlier, undated versionView current - (A) No person may, without first securing from the board a license, accept or hold payments made on a preneed funeral contract, except financial institutions. Application for a license must be in writing, signed by the applicant and duly verified on forms furnished by the board. Each application must contain at least the following: the full name and address (both residence and place of business) of the applicant, and every member, officer, and director of it if the applicant is a firm, partnership, association, or corporation. Any license issued pursuant to the application must be valid only at the address stated in the application for the applicant or at a new address approved by the board.
- (B) Upon receipt of the application, a one-time payment of a license fee, and the deposit in an amount to be determined by the board of such security or proof of financial responsibility as the board may determine, the board shall issue a license unless it determines that the applicant has made false statements or representations in the application, or is insolvent, or has conducted his business in a fraudulent manner, or is not duly authorized to transact business in this State, or if in the judgment of the board, the applicant should be denied a license for some other good and sufficient reason.
- (C) A person selling a preneed funeral contract shall collect from each purchaser a service charge in an amount to be established by the board, and all fees collected must be remitted by the person collecting them to the board at least once each month, and these funds must be used by the board in administering the provisions of this chapter.