Wis. Admin. Code Funeral Directors Examining Board FD 6.08 - Contractual standards for agents and operators of funeral establishments
A copy of each contract between an agent and an operator of a funeral establishment shall be sent to the board along with the agent's application for registration as required in s. FD 6.03. A contract between an agent and an operator of a funeral establishment shall include all of the following:
(1) A statement that the agent is currently
licensed as a life insurance intermediary in Wisconsin and is currently listed
with an insurer or insurers who is authorized to sell life insurance used to
fund a burial agreement in Wisconsin.
(2) A statement that the agent has received
the required training pursuant to s.
445.125(3m) (b) 2 a., Stats., and will obtain any additional
training as required by the board.
(3) A statement that the agent shall
immediately notify the operator of the funeral establishment at any time while
the contract between the agent and operator of the funeral establishment is in
effect if any of the following occur:
(a) The
agent's life insurance license is suspended or revoked.
(b) There are any changes to listings with
insurers.
(4) A
statement that the agent will abide by the funeral industry practices
regulations of the federal trade commission, and all applicable Wisconsin
statutes and rules.
(5) A statement
as to whether the sales commission or other form of compensation is being paid
to the agent who sells or solicits the sale of a burial agreement and the life
insurance used to fund the burial agreement and, if so, the identity of any
other persons to whom the commission or other compensation is paid.
Notes
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