VA LRR - Preneed Exam NEWEST 2025 COMPLETE
QUESTIONS AND CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) |ALREADY GRADED
A+||BRAND NEW VERSION!!
10% of funds may be retained by the contract provider when the contract is funded by a
_____account. - CORRECT ANSWER- trust
Contract providers, i.e. funeral homes, must keep a listing of all preneed contracts in
______________ OR _______________ order. - CORRECT ANSWER- chronological;
alphabetical
The funeral home's listing of preneed contracts shall include these 6 things: - CORRECT
ANSWER- 1. name of the contract buyer
2. name of the contract beneficiary
3. date the contract was made
4. how the contract was funded, where the contract was funded, and where the funds are
maintained
5. whether or not up to 10% of funds are retained by the contract provider, if funded through a
trust account
6. whether funeral goods and supplies are stored for the contract buyer
, If a contract provider that sells preneed discontinues its business operations, by closure or by
change in ownership, who must be notified in writing? (2 answers) - CORRECT ANSWER- 1. The
VA Board of Funeral Directors and Embalmers
2. each existing contract buyer
A closing firm must provide the Board with a _______________ at the time of closure. (5
words) - CORRECT ANSWER- current list of preneed contracts
If a firm changes ownership, and the new firm _________ (does/does not) intend to honor
existing contracts, it must notify its preneed contract buyers within _______ days of the change
in ownership via a publication of general circulation. - CORRECT ANSWER- does; 90
If a firm changes ownership, and the new firm _________ (does/does not) intend to honor
existing contracts, it must notify its preneed contract buyers within _______ days of the change
in ownership individually in writing. - CORRECT ANSWER- does not; 90
A preneed contract needs to contain the following 4 things: - CORRECT 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. - CORRECT ANSWER- appointee agreement
At the time of preneed inquiry, licensees must provide what two things to the prospective
consumer? - CORRECT ANSWER- 1. a copy of the general price list
2. preneed disclosure questions and answers
QUESTIONS AND CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) |ALREADY GRADED
A+||BRAND NEW VERSION!!
10% of funds may be retained by the contract provider when the contract is funded by a
_____account. - CORRECT ANSWER- trust
Contract providers, i.e. funeral homes, must keep a listing of all preneed contracts in
______________ OR _______________ order. - CORRECT ANSWER- chronological;
alphabetical
The funeral home's listing of preneed contracts shall include these 6 things: - CORRECT
ANSWER- 1. name of the contract buyer
2. name of the contract beneficiary
3. date the contract was made
4. how the contract was funded, where the contract was funded, and where the funds are
maintained
5. whether or not up to 10% of funds are retained by the contract provider, if funded through a
trust account
6. whether funeral goods and supplies are stored for the contract buyer
, If a contract provider that sells preneed discontinues its business operations, by closure or by
change in ownership, who must be notified in writing? (2 answers) - CORRECT ANSWER- 1. The
VA Board of Funeral Directors and Embalmers
2. each existing contract buyer
A closing firm must provide the Board with a _______________ at the time of closure. (5
words) - CORRECT ANSWER- current list of preneed contracts
If a firm changes ownership, and the new firm _________ (does/does not) intend to honor
existing contracts, it must notify its preneed contract buyers within _______ days of the change
in ownership via a publication of general circulation. - CORRECT ANSWER- does; 90
If a firm changes ownership, and the new firm _________ (does/does not) intend to honor
existing contracts, it must notify its preneed contract buyers within _______ days of the change
in ownership individually in writing. - CORRECT ANSWER- does not; 90
A preneed contract needs to contain the following 4 things: - CORRECT 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. - CORRECT ANSWER- appointee agreement
At the time of preneed inquiry, licensees must provide what two things to the prospective
consumer? - CORRECT ANSWER- 1. a copy of the general price list
2. preneed disclosure questions and answers
