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funds after funeral goods and services have been provided.__ | | The agreement must clearly state any fees that may be | | charged against the trust account. Fees must be reasonable, | | as defined by the board, and may be charged only: |
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| | | (1)__Upon transfer of a trust account by the | | appointment of a successor trustee; |
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| | | (2)__Upon revocation of the agreement if the | | agreement is revocable; and |
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| | | (3)__For the actual financial and tax administration | | of the trust account. |
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| | | C. The mortuary trustee shall maintain a complete record | | of a trust account established under this subsection.__The | | record must be available for inspection by the person, the | | person's legal representative, the commissioner's designee | | or an inspector for the board. |
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| | | This bill allows prearranged funeral plans to be funded with | | the proceeds of a life insurance policy. |
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