Current through Register Vol. XLI, No. 50, December 13, 2024
Section 142-8-4 - Application For Certificate Of Authority Or License; Contents Of Application4.1. No person shall sell, offer for sale, make available or be a provider of a preneed funeral contract until such time as he has received a certificate of authority from the Department. Employees or agents of persons holding a certificate of authority and who are involved in actually selling preneed funeral contracts must have a license issued by the Department. No person shall be eligible to obtain a license to sell preneed funeral contracts unless he or she also holds a certificate of authority or is employed by the holder of a certificate of authority.4.2. No person, other than a bank, trust company, savings and loan association or other financial institution as provided in W. Va. Code '47-14-3(a), may act as a trustee with respect to funds paid on preneed funeral contracts unless he has procured a certificate of authority.4.3. The Department shall prescribe the necessary forms for applying for a certificate of authority or license. These forms shall be used by all applicants.4.4. Application for the renewal of a certificate of authority or license for the year commencing January 1, 1988, shall be submitted by March 1, 1988. Applicants holding certificates or licenses for 1987 who submit timely renewal applications may continue to do business under the previous certificate or license until the renewal is granted or refused by the Department. In all subsequent years, commencing with November 1, 1988, all such renewal applications shall be due by November 1. Commencing with December 31, 1988, all such certificates of authority and licenses will expire on December 31 of each year.