Tenn. Comp. R. & Regs. 0780-05-10-.15 - ANNUAL AUDITS; FEES

(1) The Commissioner shall require an annual audit to ensure that each contract seller will be able to perform its contract with the purchaser.

(2) The fee for the audit of pre-need trust accounts shall be three hundred dollars ($300.00) per auditor, per day. The contract seller shall be billed in increments of not less than one-half day for each half-day or any portion thereof.

(3) The contract seller shall remit payment to the Department not later than sixty (60) days after the invoice date.

Notes

Tenn. Comp. R. & Regs. 0780-05-10-.15

Original rule filed October 22, 2002; effective January 5, 2003.

Authority: T.C.A. § 62-5-405(a), (b), and (c).