PRENEED FUNERAL TEST EXAM 1 QUESTIONS
AND ANSWERS SET A+
✔✔What is the purpose of the DFS-TFD-1 form? - ✔✔It is used for submitting requests
for restitution from the trust fund.
✔✔What happens to interest accrued in a merchandise trust account after fulfillment? -
✔✔It shall be transferred with the principal to the fulfilling preneed licensee or provider.
✔✔What occurs if a preneed licensee is assigned a breached contract and willing to
fulfill it? - ✔✔An application for disbursement of funds to the purchaser, owner, or
beneficiary will not be considered by the Board.
✔✔Who is not eligible for restitution from the Preneed Funeral Contract Consumer
Protection Trust Fund? - ✔✔A purchaser, owner, or beneficiary who cancels a breached
contract and receives funds from a trustee.
✔✔Under what conditions can direct monetary disbursements be made from the
Preneed Funeral Contract Consumer Protection Trust Fund? - ✔✔If funds up to the
amount paid on the breached contract do not exist in trust and a fulfilling provider is not
available.
✔✔What happens if a provider breaches the original contract? - ✔✔Restitution will be
made after fulfillment of a secondary contract for up to the amount paid on the original
contract, less money trusted.
✔✔What is excluded from the provisions regarding the Preneed Funeral Contract
Consumer Protection Trust Fund? - ✔✔Insurance policies sold to fund preneed
contracts prior to July 1, 1996.
, ✔✔What is the quarterly remittance amount each preneed licensee must pay to the
trust fund? - ✔✔$1.00 per preneed contract sold.
✔✔What form must preneed licensees use for quarterly remittances? - ✔✔Department
form DFS-N1-2013, 'Quarterly Preneed Remittance Invoice.'
✔✔What are the disciplinary guidelines for cemeteries, preneed sales, and monument
establishments? - ✔✔They are outlined in Chapter 69K-11 and include penalties for
violations.
✔✔What must a cemetery require from a person engaged in the retail sale of
monuments? - ✔✔Proof of a valid license with the Department.
✔✔What can cemeteries adopt regarding monument installation? - ✔✔Bylaws setting
forth minimum standards for monuments, including style, size, and installation methods.
✔✔What must a monument establishment provide before installing a monument in a
cemetery? - ✔✔An application showing the foundation, design, style, size, and material
of the monument.
✔✔What happens if a cemetery does not respond to a monument application within five
working days? - ✔✔The application will be deemed approved.
✔✔Who must approve the installation of a monument in a cemetery? - ✔✔The owner(s)
of the burial rights and legally authorized persons.
✔✔What is the role of a cemetery regarding scheduling activities? - ✔✔The cemetery is
the scheduling agent for all activities, with burials taking priority.
✔✔What is the historical significance of the rulemaking authority listed in the document?
- ✔✔It outlines the legal framework for implementing and enforcing the regulations.
✔✔What is required for cancellation of monument establishment retail sales
agreements? - ✔✔Specific procedures must be followed as outlined in the regulations.
✔✔What is the purpose of the procedures for submission and approval of monument
establishment retail sales agreements? - ✔✔To ensure compliance with legal standards
and protect consumer rights.
✔✔What is the consequence of a minor violation in the context of preneed sales? -
✔✔It may lead to a notice of non-compliance and potential penalties.
AND ANSWERS SET A+
✔✔What is the purpose of the DFS-TFD-1 form? - ✔✔It is used for submitting requests
for restitution from the trust fund.
✔✔What happens to interest accrued in a merchandise trust account after fulfillment? -
✔✔It shall be transferred with the principal to the fulfilling preneed licensee or provider.
✔✔What occurs if a preneed licensee is assigned a breached contract and willing to
fulfill it? - ✔✔An application for disbursement of funds to the purchaser, owner, or
beneficiary will not be considered by the Board.
✔✔Who is not eligible for restitution from the Preneed Funeral Contract Consumer
Protection Trust Fund? - ✔✔A purchaser, owner, or beneficiary who cancels a breached
contract and receives funds from a trustee.
✔✔Under what conditions can direct monetary disbursements be made from the
Preneed Funeral Contract Consumer Protection Trust Fund? - ✔✔If funds up to the
amount paid on the breached contract do not exist in trust and a fulfilling provider is not
available.
✔✔What happens if a provider breaches the original contract? - ✔✔Restitution will be
made after fulfillment of a secondary contract for up to the amount paid on the original
contract, less money trusted.
✔✔What is excluded from the provisions regarding the Preneed Funeral Contract
Consumer Protection Trust Fund? - ✔✔Insurance policies sold to fund preneed
contracts prior to July 1, 1996.
, ✔✔What is the quarterly remittance amount each preneed licensee must pay to the
trust fund? - ✔✔$1.00 per preneed contract sold.
✔✔What form must preneed licensees use for quarterly remittances? - ✔✔Department
form DFS-N1-2013, 'Quarterly Preneed Remittance Invoice.'
✔✔What are the disciplinary guidelines for cemeteries, preneed sales, and monument
establishments? - ✔✔They are outlined in Chapter 69K-11 and include penalties for
violations.
✔✔What must a cemetery require from a person engaged in the retail sale of
monuments? - ✔✔Proof of a valid license with the Department.
✔✔What can cemeteries adopt regarding monument installation? - ✔✔Bylaws setting
forth minimum standards for monuments, including style, size, and installation methods.
✔✔What must a monument establishment provide before installing a monument in a
cemetery? - ✔✔An application showing the foundation, design, style, size, and material
of the monument.
✔✔What happens if a cemetery does not respond to a monument application within five
working days? - ✔✔The application will be deemed approved.
✔✔Who must approve the installation of a monument in a cemetery? - ✔✔The owner(s)
of the burial rights and legally authorized persons.
✔✔What is the role of a cemetery regarding scheduling activities? - ✔✔The cemetery is
the scheduling agent for all activities, with burials taking priority.
✔✔What is the historical significance of the rulemaking authority listed in the document?
- ✔✔It outlines the legal framework for implementing and enforcing the regulations.
✔✔What is required for cancellation of monument establishment retail sales
agreements? - ✔✔Specific procedures must be followed as outlined in the regulations.
✔✔What is the purpose of the procedures for submission and approval of monument
establishment retail sales agreements? - ✔✔To ensure compliance with legal standards
and protect consumer rights.
✔✔What is the consequence of a minor violation in the context of preneed sales? -
✔✔It may lead to a notice of non-compliance and potential penalties.
