VIRGINIA FUNERAL
DIRECTOR/EMBALMER LAWS- PRENNED
EXAM WITH CORRECT ACTUAL
QUESTIONS AND CORRECTLY WELL
DEFINED ANSWERS LATEST ALREADY
GRADED A+ 2025 - 2026
If the contract buyer uses an irrevocable trust as the funding
source, can they cancel the trust after 30 days? - ANSWERS-
No, they're not able to cancel after 30 days.
The contract buyer shall have the right to change the
_________________ and the ________________ at any time
prior to the furnishings of the services or supplies
contracted under the preneed. - ANSWERS-Contract
provider and Trustee
, Within 5 banking days, any money from the contract buyer
given to the contract seller shall be deposited into an
approved ________ account in a bank. - ANSWERS-Escrow
When the funds consist in whole or in part of any real
estate, what needs to occur? - ANSWERS-1) The preneed
contract shall be recorded as an attachment to the deed
whereby the real estate is conveyed. 2) The deed shall be
recorded in the clerk's office in the circuit court of the city or
county in which the real estate being conveyed is located.
What information MUST be included with each preneed
contract record? - ANSWERS-Name of contract buyer, name
of contract beneficiary, date of contract, how the contract
was funded, whether up to 10% of funds are retained by the
contract provider for contracts funded through trust,
whether funeral goods and supplies are stored for the
contract buyer.
What items must the contract contain? - ANSWERS-The date
of the contract, whether or not the price of the supplies and
services purchased is guaranteed, the appointee agreement
when applicable and signatures of the contract seller and
the contract buyer.
DIRECTOR/EMBALMER LAWS- PRENNED
EXAM WITH CORRECT ACTUAL
QUESTIONS AND CORRECTLY WELL
DEFINED ANSWERS LATEST ALREADY
GRADED A+ 2025 - 2026
If the contract buyer uses an irrevocable trust as the funding
source, can they cancel the trust after 30 days? - ANSWERS-
No, they're not able to cancel after 30 days.
The contract buyer shall have the right to change the
_________________ and the ________________ at any time
prior to the furnishings of the services or supplies
contracted under the preneed. - ANSWERS-Contract
provider and Trustee
, Within 5 banking days, any money from the contract buyer
given to the contract seller shall be deposited into an
approved ________ account in a bank. - ANSWERS-Escrow
When the funds consist in whole or in part of any real
estate, what needs to occur? - ANSWERS-1) The preneed
contract shall be recorded as an attachment to the deed
whereby the real estate is conveyed. 2) The deed shall be
recorded in the clerk's office in the circuit court of the city or
county in which the real estate being conveyed is located.
What information MUST be included with each preneed
contract record? - ANSWERS-Name of contract buyer, name
of contract beneficiary, date of contract, how the contract
was funded, whether up to 10% of funds are retained by the
contract provider for contracts funded through trust,
whether funeral goods and supplies are stored for the
contract buyer.
What items must the contract contain? - ANSWERS-The date
of the contract, whether or not the price of the supplies and
services purchased is guaranteed, the appointee agreement
when applicable and signatures of the contract seller and
the contract buyer.
