Ariz. Admin. Code § R4-12-565 - Records Retention Requirement

Each funeral establishment shall retain and make available for inspection by Board representatives true and accurate copies of the following records during the term of the prearranged funeral agreement and for three years following the death of the beneficiary or the termination of the agreement:

1. The prearranged funeral agreement.

2. Each notice of the transfer of the trust account to another financial institution, together with a record of the names and last known addresses of the purchasers and the dates on which the notice was mailed.

3. The certificate of performance from the funeral establishment stating that it provided the requested funeral goods and services which is delivered to a financial institution.

4. Each certificate from the funeral establishment concerning entitlement to service fees concerning the trust account.

5. Each statement of accrued taxes from the funeral establishment concerning the trust account.

6. Each cancellation or termination request from a purchaser.

7. Detailed financial institution statements and accounting records concerning the trust account.

Notes

Ariz. Admin. Code § R4-12-565

Adopted effective January 1, 1985 (Supp. 85-1).