Utah Admin. Code R156-9-613 - Funeral Service Establishment Expenditure of Earnings from Trust Account
(1) In accordance
with Subsection
58-9-704(1),
earnings of a preneed funeral arrangement trust account shall be available to
the funeral service establishment for expenditure toward reasonable trustee
expenses of administering a trust account, not to exceed the lesser of the
earnings remaining in the trust account or 1% of the entire trust account, plus
any amounts necessary to pay taxes incurred on the entire trust account's
earnings.
(2) In accordance with
Subsection
58-9-704(2),
earnings of an individual account within the trust shall be available to the
funeral service establishment for expenditure toward other authorized
reasonable funeral service establishment expenses incurred against the
individual account, not to exceed earnings totaling 30% of the sales amount of
the respective preneed funeral arrangement contract.
(3) Remaining earnings of individual accounts
within the trust shall, except as provided in Subsection
58-9-704(3),
remain in each individual account within the trust to pay by account, the costs
of providing the goods and services required under respective preneed funeral
arrangement contracts.
Notes
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