Section 0780-05-10-.08 - TRUST INSTRUMENTS(1) Each trust instrument, and any amendments thereto, shall be filed with the Commissioner. Each trust instrument shall specify:(a) the name of the contract seller;(b) the name of the trustee;(c) the trustee's duties in conformance with the provisions of these rules;(d) the basis for determining the trustee's fee (if any); and(e) any other appropriate terms of the trusteeship.(2) Each trust instrument shall bind the trustee to make available at reasonable times and places, on request by a contract buyer, the trustee's records of the trust account established pursuant to the contract buyer's pre-need contract.(3) The Commissioner may require alterations or additions to a trust instrument if the Commissioner finds that it is not in accord with the provisions of these rules.Tenn. Comp. R. & Regs. 0780-05-10-.08
Original rule filed October 22, 2002; effective January 5, 2003.Authority: T.C.A. § 62-5-405(a) and (b).