Preneed Sales- Florida State Laws and Rules Exam

What is the length of a granted preneed license by appointment by licensee?

Up to how many month's duration is the probationary period for a preneed sales license to be granted if the applicant has a criminal/disciplinary record and petition the Board?

Within how many days of issue date of a temporary preneed sales license can the licensee apply for a permanent preneed sales license if the criminal check and fingerprints are all in good standing?

How many days from the time a preneed sales license is issued is it considered valid?

On or before what date annually do trustees furnish the report of trust activity to the Department?

Within how many days after the end of the month where payment is received do preneed licensees deposit the funds?

You cannot sell preneed or accept money for payment of a preneed contract unless you [blank_start]hold a valid license[blank_end].

You cannot make preneed arrangements for services, merchandise, or burial rights unless you are in a licensed funeral establishment, [blank_start]cemetery company[blank_end], direct disposal establishment, or monument establishment.

If an applicant for a preneed sales license cannot prove their net worth is up to $[blank_start]20,000[blank_end].00, they can opt to provide documents proving their financial stability with a credit report, written statements, a business plan, an agreement to submit frequent reports, etc...

You can get a "probationary" preneed sales license for your first [blank_start]12[blank_end] months while the licensing authority ensures you are qualified and competent in your duties.

Preneed licenses expire on [blank_start]June 1st[blank_end] each year.

Preneed licensees must file a full financial statement with the Department within [blank_start]3[blank_end] months after the end of its fiscal period.

Preneed licensees must file a full statement of trust activities on or before [blank_start]April 1st[blank_end] each year.

Preneed contracts must have [blank_start]sequential prenumbering[blank_end], are not ambiguous/misleading, aren't illegible, have a consistent font size, list the type/design/size of merchandise, and follow public policy.

Preneed licensees can charge a fee for processing/filing/archiving documents, but it must be disclosed and printed on the [blank_start]price list[blank_end].

The Preneed [blank_start]Funeral Contract Consumer Protection[blank_end] Trust Fund can pay for restitutions, covering breached contracts, mishandled life insurance matters, etc...

All funds paid into preneed contracts by purchasers are the sole property of and within the full dominion/control of the [blank_start]preneed licensee[blank_end].

The preneed sales agent must deposit: [blank_start]70%[blank_end]+ for sold services/facilities rented [blank_start]100%[blank_end] of cash advance items sold [blank_start]30%[blank_end] of or 110% wholesale price of merchandise

Trustees can borrow up to [blank_start]10[blank_end]% of trust assets.

Customers have the right to cancel preneed contracts within [blank_start]30[blank_end] days of contract execution as long as burial rights/services/merchandise all remain unused still.

Upon the breach of a preneed contract/failure to provide services and merchandise, a full refund is entitled within [blank_start]30[blank_end] days of the preneed licensee receiving a written request from the purchaser that requests the refund.

Contracts are considered to be in default if the purchaser is [blank_start]90[blank_end] days past due on payments; licensee can cancel and withdraw the funds as liquidated damages, returning the money for services, facilities, and cash advances to the purchaser within 30 days of written notice.

Irrevocable contracts cannot be canceled in life or death of purchaser; [blank_start]unexpended[blank_end] funds will be remitted to the Agency for Health Care Administration and later Medical Care Trust Fund after disposition of the beneficiary.

Licensees can take out a [blank_start]security[blank_end] bond as a safety blanket.

A permanent preneed sales license can be terminated if no appointments have been made for [blank_start]48[blank_end] consecutive months.

Preneed sales licensees shall determine and notify purchasers in writing that merchandise selected will be [blank_start]accepted by cemetery of choice[blank_end].

A [blank_start]complete[blank_end] description of any monument, marker, or memorialization to be placed at a gravesite must be on the preneed contract.