2026/2027 VA LRR – PRENEED EXAM QUESTIONS
and CORRECT DETAILED ANSWERS ALREADY
GRADED A+
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
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
, 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
and CORRECT DETAILED ANSWERS ALREADY
GRADED A+
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
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
, 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
