69K-7.008. Preneed Trust Funds - Withdrawal of Income Earned Thereon  


Effective on Thursday, April 10, 1997
  • 1At the time of withdrawal a preneed licensee shall take reasonable steps to evaluate the income derived from that particular contract. A preneed licensee may not use any formula to make the evaluation if such formula is used as a guise to make unauthorized withdrawals or results in accelerated or excessive withdrawals above the amounts allowed by Chapter 497, F.S., and the rules promulgated thereto.

    66Specific Authority 68497.103 FS. 70Law Implemented 72497.283 FS. 74History–New 8-26-85, Formerly 3D-30.32, Amended 1-4-88, Formerly 3D-30.032, Amended 4-10-97, Formerly 3F-7.008.