N.J. Admin. Code § 13:36-11.18

Current through Register Vol. 56, No. 24, December 18, 2024

Section 13:36-11.18 - Notification of purchaser of transfer of ownership

(a) Whenever a provider or owner of the registered mortuary is required to obtain a new certificate of registration pursuant to N.J.A.C. 13:36-4.5, the new manager or owner of the registered mortuary shall notify in writing the owners of all prepaid funeral agreements then in effect of their options to elect to maintain their prepaid funeral agreements at the present location or to transfer or assign their prepaid funeral agreements and preneed funeral arrangements to a different mortuary within 30 days of the change of ownership, or death of a licensee or owner.

(b) The notice required by (a) above shall advise the owners of all prepaid funeral agreements that they may:

1. Request a refund of any prepaid moneys from a funeral trust, except in the case of irrevocable prepaid funeral arrangements; or

2. Sever the funding of a funeral insurance policy from a prepaid funeral agreement.

(c) Proof that the notice required by (a) above was delivered to the purchasers of prepaid funeral agreements shall be furnished to the Board by the new manager or owner of the registered mortuary within 10 days of said delivery and shall be maintained by the registered mortuary consistent with the recordkeeping requirements set forth at N.J.A.C. 13:36-1.8.

N.J. Admin. Code § 13:36-11.18

Amended by R.2005 d.100, effective 4/4/2005.
See: 36 New Jersey Register 4651(a), 37 New Jersey Register 1036(b).
Rewrote the section.