2026 VA LRR – PRENEED EXAM WITH
CORRECT ACTUAL QUESTIONS MERGED
WITH CORRECT COMPLETE SOLUTIONS
ALREADY GRADED A+ || 2026-2027 LATEST
UPDATE!!!
10% of funds may be retained by the contract provider when the
contract is funded by a _____account. - ANSWER-trust
Contract providers, i.e. funeral homes, must keep a listing of all
preneed contracts in ______________ OR _______________ order. -
ANSWER-chronological; alphabetical
The funeral home's listing of preneed contracts shall include these 6
things: - 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) - 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) - 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. - 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. - ANSWER-does not; 90
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
CORRECT ACTUAL QUESTIONS MERGED
WITH CORRECT COMPLETE SOLUTIONS
ALREADY GRADED A+ || 2026-2027 LATEST
UPDATE!!!
10% of funds may be retained by the contract provider when the
contract is funded by a _____account. - ANSWER-trust
Contract providers, i.e. funeral homes, must keep a listing of all
preneed contracts in ______________ OR _______________ order. -
ANSWER-chronological; alphabetical
The funeral home's listing of preneed contracts shall include these 6
things: - 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) - 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) - 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. - 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. - ANSWER-does not; 90
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
