Ala. Admin. Code r. 482-3-005-.04 - Preneed Contract Log - Required Content
If the Department's sample log form is not used, any substitute form of preneed contract log shall include the following information categories:
(a) Sequentially ordered
contract number.
(b) Name of
purchaser.
(c) Date of
contract.
(d) Net amount of
contract (contract price after insurance credits and all discounts).
(e) Itemization of purchase price of
merchandise and services collected under the contract.
(f) Amount to be trusted (if
applicable).
(g) Type of payments
(paid-in-full or installments).
(h)
Cumulative amount trusted for merchandise and services as of the paid-in-full
date.
(i) Face amount of insurance
sold (if applicable).
(j)
Paid-in-full amount or cumulative installment payments.
(k) Partial delivery (yes/no).
(l) Date delivered.
(m) Date of burial (at need).
(n) Date contract voided or
cancelled.
(o) Last payment
date.
Notes
Author: Commissioner of Insurance
Statutory Authority: Code of Ala. 1975, ยงยง 27-2-17, 27-17A-1 to -57 (2014).
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.