Virginia Funeral Director/Embalmer Laws - PRENEED Exam Questions With 100% Correct Answers 2025/2026 |Latest Updated

Virginia Funeral Director/Embalmer Laws - PRENEED Exam Questions With 100% Correct Answers 2025/2026 |Latest Updated Can a licensee solicit any preneed through in-person communication, his agents, assistants, or employees? - answer-No Who initiates the discussion of preneed? - answer-The contract buyer or interested consumer How long shall the contracts and reporting documents be retained on the premises for? - answer-1 year after the death of the contract beneficiary What type of order do all preneed contracts have to be in? - answer-Chronological or alphabetical What information MUST be included with each preneed contract record? - answer-Name of contract buyer, name of contract beneficiary, date of contract, how the contract was funded, whether up to 10% of funds are retained by the contract provider for contracts funded through trust, whether funeral goods and supplies are stored for the contract buyer. What items must the contract contain? - answer-The date of the contract, whether or not the price of the supplies and services purchased is guaranteed, the appointee agreement when applicable and signatures of the contract seller and the contract buyer. What does the funeral director need to give each person who inquires about a preneed arrangement? - answer-GPL and preneed disclosure questions and answers.What does the funeral director need to give each person who makes a preneed arrangement? - answerA copy of the preneed contract, a funding contract, and an itemized statement of funeral goods. Can a licensee charge finance charges on a preneed arrangement? - answer-No When can a person who makes payment under the contract terminate the agreement? - answerAnytime, prior to the time for which the services or supplies are furnished. How long does the buyer have to terminate the contract in order to receive a full refund? - answer-30 days If the contract buyer terminates the contract within 30 days of the execution of the contract, the contract buyer shall be refunded _________. - answer-All consideration paid or delivered and any interest or income accrued on it. If the contract buyer uses a revocable trust as the funding source and terminates the contract after 30 days of the execution of the contract, the buyer shall be refunded ___________. - answer-All consideration paid or delivered on non-guaranteed items, at least 90% of all consideration paid for guaranteed items; and all interest or income accrued on it