EXAM 2026|2027 ACTUAL COMPLETE REAL
EXAM QUESTIONS AND CORRECTLY WELL
DEFINED ANSWERS (VEERIFIED ANSWERS)
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A preneed contract needs to contain the following 4 things: -
ANSWER-1. date of the contract
2. whether or not the price of supplies and services purchased
is guaranteed
3. the appointee agreement, if applicable
4. signatures of the contract seller and the contract buyer
If a/an _________________________ (2 words) has been signed,
it shall be attached to the preneed contract as a valid part of
the contract. – ANSWER-appointee agreement
At the time of preneed inquiry, licensees must provide what
two things to the
prospective consumer? - ANSWER-1. a copy of the
general price list
2. preneed disclosure questions and
answers
, Must the licensee furnish the consumer with an itemized
statement of goods and services at the time of need if the
arrangements were made through a preneed contract? (yes/no)
- ANSWER-yes
May a licensee charge finance charges on a preneed
arrangement? (yes/no) -
ANSWER-
no
A person who makes payment on a preneed contract may
terminate the
agreement when? - ANSWER-at any time prior
to at-need
If the contract buyer terminates the contract within ___ days of
its execution, the
contract buyer shall be refunded all consideration paid or
delivered and any
interest or income accrued on it. -
ANSWER-30
If contract buyer uses a revocable trust as funding source and
terminates contract after 30 days of execution of contract,
contract buyer shall be refunded:
(% amounts)
1. ___% of consideration paid or delivered on nonguaranteed
items