Written notice shall be sent to the board by an agent, licensed funeral director or operator of the funeral establishment when a consumer terminates a trust as established under s. 445.125 (1), Stats. The following information shall be included in the written notice that an agent, funeral director, or operator of a funeral establishment gives to a consumer and to the board when the consumer terminates a burial trust and converts to a burial agreement funded by the proceeds of a life insurance policy:

1. (1) The name of the individual for whom the existing burial trust is intended.
2. (2) The date on which the original burial trust agreement was made.
3. (3) The name of the funeral establishment that was designated on the original burial trust agreement.
4. (4) The name of the bank, trust company, savings and loan association, or savings bank in which the burial trust funds have been held.
5. (6) The name of the life insurance company issuing the life insurance policy intended to fund the burial agreement.
6. (7) The name of the agent who sells the life insurance policy.
7. (8) The name of the funeral establishment that will be designated on the life insurance policy as the beneficiary.

History

History: Cr. Register, October, 1997, No. 502, eff. 11-1-97; CR 19-161: r. (5) Register September 2020 No. 777, eff. 10-1-20.