Ala. Admin. Code r. 482-3-005-.05

Current through Register Vol. 43, No. 02, November 27, 2024

Section 482-3-005-.05 - Cemetery Property Sales Log - Required Content

If the Department's sample log form is not used, any substitute form of cemetery property sales log shall include the following information categories:

(a) Sequentially ordered contract number.

(b) Property owner.

(c) Date of contract.

(d) Net amount of contract (contract price after all discounts; if complimentary or free so designate on the log).

(e) Itemization of purchase price of merchandise and services collected under the contract.

(f) Amount to be trusted (if applicable).

(g) Paid-in-full amount or cumulative installment payments.

(h) Paid-in-full date.

(i) Cumulative amount due endowment care trust.

(j) Cumulative amount of endowment care contributions.

(k) Date of endowment care contributions.

(l) Date of burial (at need).

(m) Date contract voided or cancelled.

(n) Last payment date.

Ala. Admin. Code r. 482-3-005-.05

Adopted by Alabama Administrative Monthly Volume XXXIII, Issue No. 02, November 26, 2014, eff. 1/1/2015.

Author: Commissioner of Insurance

Statutory Authority:Code of Ala. 1975, §§ 27-2-17, 27-17A-1 to -57 (2014).