Ariz. Admin. Code § 4-12-559

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

Section R4-12-559 - Purchaser Cancellation Requests

The written request from a purchaser of a prearranged funeral agreement or designated person to terminate the agreement and refund the trust funds shall contain the following information:

1. Name of funeral establishment.

2. Full name of the prearranged funeral purchaser or designated person making the request.

3. Statement of purchaser or designated or legally responsible person requesting refund of the trust funds.

The cancellation request shall be signed by the purchaser, designated or legally responsible person. Within five days following receipt of a properly signed cancellation request, the financial institution shall release the trust funds, payable to the person making the cancellation request, to the establishment for refund to the requesting person.

Ariz. Admin. Code § R4-12-559

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