The LICENSEE QUESTION OF KNOWLEDGE:

Our latest question deals with Kansas Preneed Law.

Upon death the deceased had a guaranteed prefinanced funeral agreement funded via a trust. If there are any remaining funds from the guaranteed portion of the preneed, those funds

a) belong to the funeral home.

b) are retained by the financial institution.

c) can be used to go toward payment of non-guaranteed costs.

d) belong to the preneed seller.

The answer can be found by researching the October 15, 2009 edition of the KSBMA rule book.

Click here for the correct answer.

Last updated: Tuesday, November 3, 2009