Iowa Admin. Code r. 191-101.7

Current through Register Vol. 47, No. 8, October 30, 2024

Rule 191-101.7 - Commingling of care fund accounts

(1)Generally, commingling not permitted. Except as otherwise provided in subrules 101.7(2) and 101.7(3), the assets of a care fund may not be commingled with the assets of another care fund or with any other fund's assets.

(2)Other care funds. The assets of one or more care funds may be commingled in a single financial account for investment purposes if separate title and separate accounting are maintained for each cemetery's care fund.

(3)Governmental subdivisions. A governmental subdivision may commingle care funds pursuant to Iowa Code section 5231.506.

Iowa Admin. Code r. 191-101.7

Adopted by IAB April 29, 2015/Volume XXXVII, Number 22, effective 6/3/2015

Rescinded by IAB November 25, 2015/Volume XXXVIII, Number 11, effective 12/30/2015

Amended by IAB November 9, 2016/Volume XXXIX, Number 10, effective 12/14/2016