4717-1-25 Preneed funeral contract annual report.

Any funeral home which sells or provides funeral goods or services under a preneed funeral contract shall maintain all funds paid pursuant to such contract in accordance with the provisions of section 1111.19 of the Revised Code, and shall submit to the board on or before March thirtieth of each year, a report for the previous year consisting of the following:

(A) An affidavit signed by the funeral director actually in charge of and ultimately responsible for the funeral home, certifying that all funds held in any capacity by a funeral home pursuant to any preneed contract are trusted in compliance with section 1111.19 of the Revised Code;

(B) That the affidavit certify an attachment listing all accounts held, including the name of the beneficiary of the account, or other form of identification, the name and address of the trust and designated trustee, and the account balance as of the ending date of the report period;

(C) The name of the designated trustee if a person or an entity other than a financial institution;

(D) The amount of corporate surety bond if a trustee is designated, accompanied by a certification or other evidence of such corporate surety bond.

Effective: 01/09/2007

R.C. 119.032 review dates: 10/20/2006 and 01/09/2012

Promulgated Under: 119.03

Statutory Authority: 4717.04

Rule Amplifies: 1111.19

Prior Effective Dates: 1/1/86, 1/1/90, 1/1/01