PRENEED KEY EXAM PAPER 2026
COMPREHENSIVE EXAM PREP
◉ Where is the "Do Not Call" list maintained. Answer: In the agent's
office or the caller's office if different.
p. 17
◉ What must be provided by the agent when meeting with a
prospective client? Answer: Policy Summary
Proposal
Cost of funeral good and services.
p. 18
◉ The Joint Memorandum of Understanding is part of what larger
set of rules. Answer: The Texas Administrative Code Rules Relating
to Prepaid Funeral Contract Providers.
◉ What are the 10 items every Prepaid Funeral contact must
include. Answer: A. Statement that the contract has been approved
by the DOB
B. Seller's Purchases, and Providers name, address & signature
,C. Seller's permit number
D. Detailed info for merchandise offered for sale (i.e casket, vaults
etc.
E. Description of professional svcs to & facilities provided by F Home
F. Providers agreement to supply merchandise & services at quoted
$
G. Rights & obligations of all parties: re cancellation, default, & mods
H. How outstanding contract payments will be handled at time of
death, if contract has not been paid in full
I. Who gets copies of executed contract & explanation of finance chrg
J. Contact info for the FSC, DOB &TDI if funded w/ insurance TDI
+ 2 more if an insurance funded product ----------------- p. 22
◉ What are the additional items that must be included in prepaid
funeral contract if the contract is funded with insurance products..
Answer: STATEMENT informing insured that :
• The contract is funded w/ insurance
• Seller will use pmts or cash to purchase a policy w/I 30 days
• & that money will be refunded in full if coverage is denied
Notification that NO PARTIAL SURRENDERS OR WITHDRAWALS will
be allowed on cash accrued on the policy
, p. 23
◉ Who gets copy of executed contract. Answer: 1. Purchaser
2. Provider
And if contract funded w/insurance;
3. Insurance Company
◉ For contracts funded with insurance....
What's the timing for providing purchaser with the insurance
contract/policy. Answer: Within 30 days from time contract has
been signed
P 24
◉ What is the (1)timing and (2)retention requirements an agent has
on the collection premiums when contracts are funded by
insurance?
What is the penalty if 2nd half of the requirement is not done?.
Answer: Remit the premium to the insurance company within 30
days of receipt
COMPREHENSIVE EXAM PREP
◉ Where is the "Do Not Call" list maintained. Answer: In the agent's
office or the caller's office if different.
p. 17
◉ What must be provided by the agent when meeting with a
prospective client? Answer: Policy Summary
Proposal
Cost of funeral good and services.
p. 18
◉ The Joint Memorandum of Understanding is part of what larger
set of rules. Answer: The Texas Administrative Code Rules Relating
to Prepaid Funeral Contract Providers.
◉ What are the 10 items every Prepaid Funeral contact must
include. Answer: A. Statement that the contract has been approved
by the DOB
B. Seller's Purchases, and Providers name, address & signature
,C. Seller's permit number
D. Detailed info for merchandise offered for sale (i.e casket, vaults
etc.
E. Description of professional svcs to & facilities provided by F Home
F. Providers agreement to supply merchandise & services at quoted
$
G. Rights & obligations of all parties: re cancellation, default, & mods
H. How outstanding contract payments will be handled at time of
death, if contract has not been paid in full
I. Who gets copies of executed contract & explanation of finance chrg
J. Contact info for the FSC, DOB &TDI if funded w/ insurance TDI
+ 2 more if an insurance funded product ----------------- p. 22
◉ What are the additional items that must be included in prepaid
funeral contract if the contract is funded with insurance products..
Answer: STATEMENT informing insured that :
• The contract is funded w/ insurance
• Seller will use pmts or cash to purchase a policy w/I 30 days
• & that money will be refunded in full if coverage is denied
Notification that NO PARTIAL SURRENDERS OR WITHDRAWALS will
be allowed on cash accrued on the policy
, p. 23
◉ Who gets copy of executed contract. Answer: 1. Purchaser
2. Provider
And if contract funded w/insurance;
3. Insurance Company
◉ For contracts funded with insurance....
What's the timing for providing purchaser with the insurance
contract/policy. Answer: Within 30 days from time contract has
been signed
P 24
◉ What is the (1)timing and (2)retention requirements an agent has
on the collection premiums when contracts are funded by
insurance?
What is the penalty if 2nd half of the requirement is not done?.
Answer: Remit the premium to the insurance company within 30
days of receipt
