Current through Register Vol. 30, No. 50, December 13, 2024
Section R4-12-552 - Certificate of PerformanceA. The certificate of performance which a funeral establishment delivers to the financial institution servicing a prearranged funeral trust account after the death of the beneficiary of a prearranged funeral agreement shall contain the following information: 1. Name of the funeral establishment.2. Name and location of financial institution and trust account number3. Name of deceased beneficiary.4. Certification of the total charges for the funeral goods and services provided in the funeral arrangements.5. Certification that it provided the funeral goods and services pursuant to the prearranged funeral agreement.B. If the certificate of performance concerns a fixed price prearranged funeral agreement, it shall contain the following additional information: 1. Certification that the establishment agreed in the prearranged funeral agreement to fix the prices of the funeral goods and services provided under the agreement at the price levels in effect at the time of the execution of the agreement by the purchaser.C. The certificate shall be signed and dated by the owner or responsible funeral director of the establishment and sworn to before a notary public. The certified death certificate of the deceased beneficiary shall accompany the certificate of performance when it is delivered to the financial institution. On receipt of the certified death certificate and appropriately completed certificate of performance, the financial institution shall release a portion of the trust funds equal to the establishment's charges for funeral goods and services for the beneficiary's funeral arrangements. If the certificate of performance concerns a fixed price prearranged funeral agreement, the financial institution may release an additional portion of the trust funds to the establishment equal to that portion of the total accrued interest on principal payments deposited in the trust account during the term of the prearranged funeral agreement which the purchaser agreed to convey to the establishment.Ariz. Admin. Code § R4-12-552
Adopted effective January 1, 1985 (Supp. 85-1).