Ariz. Admin. Code § 4-12-523

Current through Register Vol. 30, No. 50, December 13, 2024

Section R4-12-523 - Surety Bond Requirements

A. A funeral establishment applying for a prearranged funeral sales endorsement shall provide the Board with the number of prearranged funeral agreements sold during the immediately preceding calendar year and provide the applicable surety bond as follows:

1. $15,000 if the establishment sold fewer than 100 prearranged funeral agreements during the immediately preceding calendar year;

2. $30,000 if the establishment sold 100 or more, but fewer than 250 prearranged funeral agreements during the immediately preceding calendar year; or

3. $50,000 if the establishment sold 250 or more prearranged funeral agreements during the immediately preceding calendar year.

The amount of the surety bond shall be increased by $5,000 for each salesperson currently registered by the Board for the establishment.

B. The corporate surety bond provided to the Board shall contain the language specified by Appendix D (following R4-12-565).

Ariz. Admin. Code § R4-12-523

Adopted effective January 1, 1985 (Supp. 85-1).