SECTION 365:25-23-7. Reports to trustee

  The Cemetery Merchandise Trust Act provides that each permit holder provide either a copy of each contract to its trustee or may, in lieu thereof, submit a summary of the relevant information from the contracts. If a permit holder chooses to provide a summary, the information shall be submitted on a monthly basis to the trustee on a form provided by the Oklahoma Insurance Department. The report shall contain the following information:

(1)   Name of the cemetery;

(2)   Town where the cemetery is located;

(3)   Period of time covered by the report;

(4)   Account numbers assigned to each contract;

(5)   Name of the contract beneficiary;

(6)   Description of the merchandise purchased;

(7)   Cost breakdown on each piece of merchandise sold which is covered by the Cemetery Merchandise Trust Act;

(8)   Amount of deposit made on each account;

(9)   Beginning and ending balances; and

(10)   A current original manufacturer's price list from any and all cemetery merchandise suppliers used by the permit holder.

[Source: Added at 28 Ok Reg 214, eff 10-19-10 (emergency); Added at 28 Ok Reg 1964, eff 7-14-11]