Ga. Comp. R. & Regs. R. 590-3-4-.03 - Preneed Escrow Agreement
(1) Filing.
(a) Each preneed dealer shall file with the
Secretary of State an executed copy of a preneed escrow agreement with an
application for registration as required by the Act.
(2) Review. Any preneed escrow agreement may
be subject to the review and approval of the Secretary of State to determine
compliance with the Act and these Rules. In the event the Secretary of State
determines, after review, that the agreement does not comply with the Act and
applicable Rules, the preneed dealer shall be notified in writing by the
Secretary of State regarding any changes required to be made for compliance
with the Act and the Rules.
(3)
Preneed escrow agreements on file with the Secretary of State prior to July 1,
2000, may be reviewed by the Secretary of State and, if reviewed, the preneed
dealer shall be notified in writing of any changes required for compliance with
the Act and the rules and regulations promulgated thereunder.
(4) A preneed dealer, after written
notification by the Secretary of State, shall have a reasonable period of time,
not to exceed thirty (30) days, in which to respond and act upon changes to the
preneed escrow agreement required by the Secretary.
(5) Amendments.
(a) Each proposed amendment or change to the
preneed escrow agreement proposed by the preneed dealer shall be submitted to
the Secretary of State.
(b) Each
preneed dealer shall be under a continuing duty to file with the Secretary of
State any and all changes, amendments, or revisions of the preneed escrow
agreement.
(c) Any proposed
amendment or change to the preneed escrow agreement on file with the Secretary
of State may be reviewed by the Secretary of State and, if reviewed, the
preneed dealer shall be notified in writing of any changes required for
compliance with the act and the rules and regulations promulgated thereunder.
The preneed dealer shall have thirty (30) days from the receipt of the written
notice in which to respond and act upon changes to the preneed escrow agreement
required by the Secretary of State.
(4) Certification. Each preneed escrow
agreement drafted by the registrant or its legal representative submitted to
the Secretary of State must include a certification clause verifying that the
agreement is in accordance with the Act and the Rules and
Regulations.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.