Okla. Admin. Code § 365:25-23-7

Current through Vol. 42, No. 7, December 16, 2024

Section 365:25-23-7 - Reports to trustee

The Cemetery Merchandise Trust Act provides that each permit holder provide either a copy of each contract to its trustee or may, in lieu thereof, submit a summary of the relevant information from the contracts. If a permit holder chooses to provide a summary, the information shall be submitted on a monthly basis to the trustee on a form provided by the Oklahoma Insurance Department. The report shall contain the following information:

(1) Name of the cemetery;

(2) Town where the cemetery is located;

(3) Period of time covered by the report;

(4) Account numbers assigned to each contract;

(5) Name of the contract beneficiary;

(6) Description of the merchandise purchased;

(7) Cost breakdown on each piece of merchandise sold which is covered by the Cemetery Merchandise Trust Act;

(8) Amount of deposit made on each account;

(9) Beginning and ending balances; and

(10) A current original manufacturer's price list from any and all cemetery merchandise suppliers used by the permit holder.

Okla. Admin. Code § 365:25-23-7

Added at 28 Ok Reg 214, eff 10-19-10 (emergency); Added at 28 Ok Reg 1964, eff 7-14-11