Preneed Funeral Contracts. | Midpage

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West Virginia Code

14

Preneed Funeral Contracts.

47-14-1Declaration of policy; legislative intent.47-14-2Definitions.47-14-3Certificate of authority required; fees to go to division; special account established; duties of certificate holder.47-14-4Agents and employees; licenses required; fee to go to division.47-14-5Disposition of proceeds; trusts; procedure for administration; division to promulgate rules.47-14-6Withdrawal of funds.47-14-7Income on trust accounts.47-14-8Limitations on enforcement of contract; appointment and removal of trustees; standards for administration of trusts; contracts may be irrevocable; "Preneed Guarantee Fund" established; assignment of contract allowed; credit life insurance allowed; successor in interest defined.47-14-9Forms and rules.47-14-10Solicitation.47-14-11Disciplinary proceedings; revocation of license or certificate; liquidation upon violation.47-14-12Civil action; attorney's fees.47-14-13Penalty.47-14-14Severability.