Utah Admin. Code R156-9-606 - Preneed Funeral Arrangement Contracts Funded by Insurance or Annuity Policy
(1) The beneficiary
designation on any insurance or annuity policy sold to fund a preneed funeral
arrangement contract shall be a contingent designation using such wording as
"as their interests may appear under a funeral arrangement contract" with
information identifying the funeral arrangement contract, or other
substantially equivalent beneficiary designation language.
(2) Monies received by a licensee in payment
for an insurance or annuity policy sold to fund a preneed funeral arrangement
contract shall be handled in accordance with the contractual terms and
conditions of the policy and the insurance laws applicable to the
policy.
Notes
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.