Rules and Regulations of the State of Georgia
 

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<xmp>.</xmp> <form name="form1" method="post" action="590-3-4?urlRedirected=yes&amp;data=admin&amp;lookingfor=590-3-4" id="form1"> <input type="hidden" name="__VIEWSTATE" id="__VIEWSTATE" value="/wEPDwUKLTY5ODkwOTM2Nw8WAh4Ec3BhbQIMFgJmD2QWAgIFDw8WAh4EVGV4dAUFNCArIDhkZGSJdly4d1ScJ643S7vACQ/qS+OA/A==" /> <input type="hidden" name="__VIEWSTATEGENERATOR" id="__VIEWSTATEGENERATOR" value="EEBB6393" /> <input type="hidden" name="__EVENTVALIDATION" id="__EVENTVALIDATION" value="/wEWCALw07b/BALniKOhBALV5cpNAoa5iIEFAoznisYGAsrv5u0MAsrv4u0MAsrv3u0M5kvZMjMYscsiB7rsBQDFeX/GVqo=" /> <div class='popup'> <div class='cnt223'> <div style="margin-bottom:6px;"> <img alt="Rules and Regulations of the State of Georgia" src="/images/new.gif"/> </div> <div class="header"> Terms and Conditions of Agreement for Access to Rules and Regulations of the State of Georgia Website </div> <div class="scroll"> <p>(Note: certain features of this site have been disabled for the general public to prevent digital piracy. If you are an entitled government entity pursuant the Georgia Administrative Procedures Act, <a target="_new" href="http://links.casemakerlegal.com/states/GA/books/Code_of_Georgia/browse?ci=25id=gasos&amp;codesec=50-13-7&amp;title=50&amp;#50-13-7(d)">O.C.G.A.§ 50-13-7(d)</a> contact the State of Georgia's Administrative Procedures Division at 678-364-3785 to enable these features for your location.)</p> <p>To access this website, you must agree to the following: </p> <p> These terms of use are a contract between you and/or your employer (if any), and Lawriter, LLC. </p> <p> You agree that you will not copy, print, or download anything from this website for any commercial use. </p> <p> You agree not to use any web crawler, scraper, or other robot or automated program or device to obtain data from the website.</p> <p> You agree that you will not sell, will not license, and will not otherwise make available in exchange for anything of value, anything that you download, print, or copy from this site.</p> <p> You agree that you will not copy, print, or download any portion of the regulations posted on this site exceeding a single chapter of regulations for sale, license, or other transfer to a third party, except that you may quote a reasonable portion of the regulations in the course of rendering professional advice.</p> <p> If you violate this agreement, or if you access or use this website in violation of this agreement, you agree that Lawriter will suffer damages of at least $20,000. </p> <p> THIS WEBSITE AND ITS CONTENT ARE PROVIDED "AS IS." THE STATE OF GEORGIA AND LAWRITER EXPRESSLY DISCLAIM ALL WARRANTIES, INCLUDING THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT AND ARE NOT LIABLE TO ANY PERSON FOR ANY ERRORS IN INACCURACIES CONTAINED IN THIS WEBSITE. </p> <p> If you accept these terms enter the information below and click “I AGREE”.</p> </div> <table border="0" style="width: 810px"> <tr> </tr> <tr> <td style="vertical-align: text-top; width: 243px;"> Full Name:</td> <td style="width: 532px; vertical-align:super;"> <input name="firstName" type="text" id="firstName" class="txt" /> <span id="lbl_fname"><font color="Red"></font></span> </td> </tr> <tr><td style="width: 243px"> Human verification: <b> <span id="lblStopSpam">4 + 8</span>&nbsp;= </b></td><td style="width: 532px"> <input name="captcha" type="text" id="captcha" class="txt" /> <span id="lbl_captcha"><font color="Red"></font></span> &nbsp; <input name="sum" type="hidden" id="sum" value="12" /> </td></tr> </table> <input type="submit" name="Button1" value="I AGREE" id="Button1" disabled="disabled" /> <span id="alrtmsg"><font color="Red"></font></span> <input name="v1" type="hidden" id="v1" /> <input name="v2" type="hidden" id="v2" /> <input name="v3" type="hidden" id="v3" /> <p>Privacy Policy: the above information is for internal use only as related to this agreement and will not be sold or distributed.</p> </div> </div> </form> <html> <head runat="server"> <title>GA - GAC</title> <link href="_files/main.css" media="all" rel="Stylesheet" type="text/css" /> <link href="_files/treeview_old.css" media="all" rel="Stylesheet" type="text/css" /> <link href="/_files/popup.css" media="all" rel="stylesheet" type="text/css" /> <script type="text/javascript" src="/_files/treeview.js"></script> <script type="text/javascript" src="/_files/jquery-1.8.0.min.js"></script> <script type="text/javascript" src="/_files/jquery-1.10.2.js"></script> <script type="text/javascript" src="/_files/popup.js"></script> <script type="text/javascript" src="http://code.jquery.com/jquery-1.8.2.js"></script> <script type="text/javascript" src="https://ajax.googleapis.com/ajax/libs/jquery/1.8/jquery.min.js" /> <script type="text/javascript" src="/_files/jquery.popup.js"></script> <script type="text/javascript" src="/_files/jquery.popup.min.js"></script> <script type="text/javascript" src="/_files/ValidateForm.js"></script> <script src="https://code.jquery.com/jquery-1.11.3.js"></script> <link href="/_files/enablejs.css" rel="Stylesheet" type="text/css" /> <link href="/_files/forJavascript.css" rel="Stylesheet" type="text/css" /> <style type="text/css"> .collapse{background-image:url('/images/expcoll_right.png');} .expand{background-image:url('/images/expcoll_down.png');} </style> <script type="text/javascript"> $(document).ready(function(){ $("#History-parent").click(function(){ $("#History-Childs").toggle(); if ($('#History-parent img').hasClass('expand')) { $('#History-parent img').addClass('collapse'); $('#History-parent img').removeClass('expand'); $('#History-parent img').attr('src', '/images/expcoll_right.png'); } else { $('#History-parent img').removeClass('collapse'); $('#History-parent img').addClass('expand'); $('#History-parent img').attr('src', '/images/expcoll_down.png'); } }); $("#History-Childs").hide(); var tocnode=document.getElementById('toc-children'); if (tocnode != null) { if(tocnode.childNodes.length != 0) { document.getElementById("doc-content").style.width="72%"; document.getElementById("toc").style.width="21%"; document.getElementById("toc").style.padding="10px"; } else { document.getElementById('toc').style.display="none"; } } }); function fnsetRDVal(id) { if (id=="y") { document.getElementById("y").value="yes" document.getElementById("n").value="" } else { document.getElementById("n").value="no" document.getElementById("y").value="" } } </script> <script type="text/javascript"> function TermsCon() { var overlay = $('<div id="overlay"></div>'); overlay.show(); overlay.appendTo(document.body); $('.popup2').show(); $('#btnAgree').click(function () { $('.popup2').hide(); $("#overlay").hide(); overlay.appendTo(document.body).remove(); }); $("#btnprint").click(function () { var contents = $("#popupterms").html(); var frame1 = $('<iframe />'); frame1[0].name = "frame1"; frame1.css({ "position": "absolute", "top": "-1000000px" }); $("body").append(frame1); var frameDoc = frame1[0].contentWindow ? 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If you are an entitled government entity pursuant the Georgia Administrative Procedures Act, <a target="_new" href="http://links.casemakerlegal.com/states/GA/books/Code_of_Georgia/browse?ci=25id=gasos&amp;codesec=50-13-7&amp;title=50&amp;#50-13-7(d)">O.C.G.A.§ 50-13-7(d)</a> contact the State of Georgia's Administrative Procedures Division at 678-364-3785 to enable these features for your location.)</p> <p>To access this website, you must agree to the following: </p> <p> These terms of use are a contract between you and/or your employer (if any), and Lawriter, LLC. </p> <p> You agree not to use any web crawler, scraper, or other robot or automated program or device to obtain data from the website. </p> <p> You agree that you will not sell or license anything that you download, print, or copy from this website.</p> <p> THIS WEBSITE AND ITS CONTENT ARE PROVIDED "AS IS." THE STATE OF GEORGIA AND LAWRITER EXPRESSLY DISCLAIM ALL WARRANTIES, INCLUDING THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT AND ARE NOT LIABLE TO ANY PERSON FOR ANY ERRORS IN INACCURACIES CONTAINED IN THIS WEBSITE. </p> <p> By accessing and/or using this website, you agree to the terms and conditions above. If you do not agree to the terms and conditions above, you must cease accessing and/or using this website and destroy all material obtained from this website without your agreement. </p> </div> </div> <div class="modal-footer"> <input type="button" name="btnAgree" value="Close" id="btnAgree" class="btn-blue noprint" /> <input type="button" name="btnprint" value="Print" id="btnprint" class="btn-blue noprint" /> </div> </div> </div> <div id="main" class="noprint"> <!--class="noprint"--> <div id="header" class="noprint"> <div class="container"> <div class="terms"> NOTICE OF TERMS OF USE OF THIS WEBSITE. 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Each preneed dealer that has not established a trust fund account pursuant to Section <a href="https://links.casemakerlegal.com/states/ga/books/Code_of_Georgia/browse?ci=25&amp;id=gasos&amp;codesec=10-14-7&amp;title=10#" target="_newtab">10-14-7</a> or 10-14-7.1 of the Act shall establish one or more preneed escrow accounts into which deposits shall be made pursuant to Section <a href="https://links.casemakerlegal.com/states/ga/books/Code_of_Georgia/browse?ci=25&amp;id=gasos&amp;codesec=10-14-7&amp;title=10#" target="_newtab">10-14-7</a> of the Act. Said accounts shall be either segregated (containing the deposits required to be made as a result of a single transaction) or aggregated (containing deposits required to be made as a result of multiple transactions). In the event all services and merchandise under a contract have been provided or funds for any merchandise or services have been refunded pursuant to the Act and these Rules, and said funds were in a segregated account, the account may be closed upon payment of funds from the account. In the event funds are originally deposited into an aggregated account, they may subsequently be deposited into a segregated account, provided the amount of funds deposited on account of any transaction is not less than the amount which would be required to be refunded pursuant to Section <a href="https://links.casemakerlegal.com/states/ga/books/Code_of_Georgia/browse?ci=25&amp;id=gasos&amp;codesec=10-14-17&amp;title=10#10-14-17(a)(3)" target="_newtab">10-14-17(a)(3)</a> or <a href="https://links.casemakerlegal.com/states/ga/books/Code_of_Georgia/browse?ci=25&amp;id=gasos&amp;codesec=10-14-17&amp;title=10#10-14-17(a)(4)" target="_newtab">10-14-17(a)(4)</a> of the Act and these Rules.</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.01(2)">(2)</a></td> <td valign="top" style="text-align:left" class="leftalign"> Funding through Insurance. <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.01(2)(a)">(a)</a></td> <td valign="top" style="text-align:left" class="leftalign"> In the event that an insurance policy is opened for the purpose of funding preneed burial or funeral services and is titled, either solely or jointly, in the name of a registrant, or if the purchaser makes an irrevocable payable-upon death designation in favor of the registrant, the registrant must establish and maintain a record of each insurance policy and the funds allocated to such policy. The insurance policy will be subject to the filing requirements of the Act and the Rules and Regulations with regard to the account.</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.01(2)(b)">(b)</a></td> <td valign="top" style="text-align:left" class="leftalign"> In the event thatan Insurance Policyis titled in the name of the customer only and no irrevocable payable-upon-death designation is made, the funds will not be subject to the escrow requirements of the Act. However, the cost of the insurance policy must be paid directly by the customer to the insurance provider. If a registrant takes possession of or accumulates funds for the purpose of purchasing a Insurance Policy on the customer's behalf, this will render the transaction a preneed sale requiring the registrant to hold the Insurance Policy in escrow as an asset of the account and will be subject to the funding and filing requirements of the Act and the Rules and Regulations.</td> </tr> </table> </td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.01(3)">(3)</a></td> <td valign="top" style="text-align:left" class="leftalign"> Funding through Certificates of Deposit for Segregated Accounts. <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.01(3)(a)">(a)</a></td> <td valign="top" style="text-align:left" class="leftalign"> Dealer Owned Certificates of Deposit. In the event that a Certificate of Deposit opened for the purpose of funding preneed burial or funeral services is titled jointly in the name of the registrant, in the registrant's federal employee identification number (FEIN) or if the purchaser makes an irrevocable payable-upon death designation in favor of the registrant, the registrant must establish and maintain a preneed escrow account as required by the Act. The Certificate of Deposit must be held in escrow as an asset of the account and will be subject to the funding and filing requirements of the Act and the Rules and Regulations with regard to the account.</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.01(3)(b)">(b)</a></td> <td valign="top" style="text-align:left" class="leftalign"> Customer Owned Certificates of Deposit. In the event thata Certificate of Depositis titled in the name of the customer only and no irrevocable payable-upon-death designation is made, the funds will not be subject to the escrow requirements of the Act. However, the cost of the Certificate of Deposit must be paid directly by the customer to the financial institution. If a registrant takes possession of or accumulates funds for the purpose of purchasing a Certificate of Deposit on the customer's behalf or if a registrant takes possession of a Certificate of Deposit, which by its terms is payable to the bearer rather than to the order of the customer, this will render the transaction a preneed sale requiring the registrant to hold the Certificate of Deposit in escrow as an asset of the account and will be subject to the funding and filing requirements of the Act and the Rules and Regulations.</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.01(3)(c)">(c)</a></td> <td valign="top" style="text-align:left" class="leftalign"> Transfer of Funds. No less than ten (10) days prior to transfer of escrow funds, the registrant shall file a notice with the Office of the Secretary of Statecontaining the following: <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.01(3)(c)1.">1.</a></td> <td valign="top" style="text-align:left" class="leftalign"> The name, location, mailing address, and telephone number of the registrant's principal business location in Georgia, together with any trade names associated with each location;</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.01(3)(c)2.">2.</a></td> <td valign="top" style="text-align:left" class="leftalign"> If transferring funds between one or more accounts within the same depository, the names of the accounts and account numbers being transferred. If transferring funds from one depository to another, the name, address, location, and telephone number of the new depository and the names of the accounts and account numbers being transferred to the new depository;</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.01(3)(c)3.">3.</a></td> <td valign="top" style="text-align:left" class="leftalign"> A dated and notarized signature of the individual duly authorized to sign the notice filing, including the signatory's printed name and title. If the cemetery is incorporated, the president or authorized individual shall sign; <P>Within thirty (30) days after transferring funds from one depository to another, the former depository shall submit to the Secretary of State verification listing each certificate of deposit held in escrow as of the date of closing of the preneed escrow account(s); and</P> <P>Within thirty (30) days after transferring funds from one depository to another, the new depository shall submit to the Secretary of State verification listing each certificate of deposit to be held in escrow as of the date of opening of the new preneed escrow account(s).</P> </td> </tr> </table> </td> </tr> </table> </td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.01(4)">(4)</a></td> <td valign="top" style="text-align:left" class="leftalign"> Depositories. <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.01(4)(a)">(a)</a></td> <td valign="top" style="text-align:left" class="leftalign"> In addition to those depositories allowed in Section <a href="https://links.casemakerlegal.com/states/ga/books/Code_of_Georgia/browse?ci=25&amp;id=gasos&amp;codesec=10-14-7&amp;title=10#10-14-7(c)" target="_newtab">10-14-7(c)</a> of the Act, the preneed escrow account may be established and maintained with an insurance company which has an A. M. Best rating of B+ or better and is licensed and in good standing with the Georgia Insurance Commissioner.</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.01(4)(b)">(b)</a></td> <td valign="top" style="text-align:left" class="leftalign"> Any other financial institution not specifically noted in this Rule or the Act as an authorized depository may petition the Secretary of State for approval. The Secretary of State may approve such institution as a depository if it demonstrates to the Secretary of State its financial soundness and responsibility and complies with the other requirements of this Rule.</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.01(4)(c)">(c)</a></td> <td valign="top" style="text-align:left" class="leftalign"> No less than ten (10) days prior to moving a preneed escrow account from one depository to another, the preneed dealer required to establish and maintain a preneed escrow account pursuant to Section <a href="https://links.casemakerlegal.com/states/ga/books/Code_of_Georgia/browse?ci=25&amp;id=gasos&amp;codesec=10-14-7&amp;title=10#" target="_newtab">10-14-7</a> of the Act shall file a notice with the Office of the Secretary of State containing the following: <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.01(4)(c)1.">1.</a></td> <td valign="top" style="text-align:left" class="leftalign"> The name, location, mailing address, and telephone number of the registrant's principal business location in Georgia, together with any trade names associated with each location;</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.01(4)(c)2.">2.</a></td> <td valign="top" style="text-align:left" class="leftalign"> The name, address, location, and telephone number of the new depository and the names of the accounts and account numbers being transferred to the new depository; and</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.01(4)(c)3.">3.</a></td> <td valign="top" style="text-align:left" class="leftalign"> A dated and notarized signature of the individual duly authorized to sign the notice filing, including the signatory's printed name and title. If the cemetery is incorporated, the president or authorized individual shall sign.</td> </tr> </table> </td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.01(4)(d)">(d)</a></td> <td valign="top" style="text-align:left" class="leftalign"> Within thirty days after moving a preneed escrow account from one depository to another, the former depository shall submit certification to the Office of the Secretary of State showing the actual account balances for the preneed escrow account as of the date of closing of the preneed escrow account.</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.01(4)(e)">(e)</a></td> <td valign="top" style="text-align:left" class="leftalign"> Within thirty days after moving a preneed escrow account from one depository to another, the new depository shall submit written verification to the Office of the Secretary of State showing the actual account balances for the preneed escrow account as of the date of opening of the new preneed escrow account.</td> </tr> </table> </td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.01(5)">(5)</a></td> <td valign="top" style="text-align:left" class="leftalign"> Escrow Agent. <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.01(5)(a)">(a)</a></td> <td valign="top" style="text-align:left" class="leftalign"> The following persons may act as the escrow agent of the preneed escrow account: <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.01(5)(a)1.">1.</a></td> <td valign="top" style="text-align:left" class="leftalign"> A bank incorporated pursuant to Official Code of Georgia Annotated Section <a href="https://links.casemakerlegal.com/states/ga/books/Code_of_Georgia/browse?ci=25&amp;id=gasos&amp;codesec=7-1-390&amp;title=7#" target="_newtab">7-1-390</a>, <I>et seq.</I>, as now or hereafter amended, and located in this state and authorized to exercise and validly exercising the powers of a fiduciary pursuant to Article 2, Chapter 1 of Title 7 of the Official Code of Georgia Annotated, as now or hereafter amended;</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.01(5)(a)2.">2.</a></td> <td valign="top" style="text-align:left" class="leftalign"> A building and loan or savings and loan association incorporated pursuant to Official Code of Georgia Annotated Section <a href="https://links.casemakerlegal.com/states/ga/books/Code_of_Georgia/browse?ci=25&amp;id=gasos&amp;codesec=7-1-770&amp;title=7#" target="_newtab">7-1-770</a>, <I>et seq.</I>, as now or hereafter amended, and located in this state and authorized to exercise and validly exercising the powers of a fiduciary pursuant to Article 7, Chapter 1 of Title 7 of the Official Code of Georgia Annotated, as now or hereafter amended;</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.01(5)(a)3.">3.</a></td> <td valign="top" style="text-align:left" class="leftalign"> A trust company incorporated pursuant to Official Code of Georgia Annotated Section <a href="https://links.casemakerlegal.com/states/ga/books/Code_of_Georgia/browse?ci=25&amp;id=gasos&amp;codesec=7-1-390&amp;title=7#" target="_newtab">7-1-390</a>, <I>et seq.</I>, as now or hereafter amended, and located in this state, and authorized to exercise and validly exercising the powers of a fiduciary pursuant to Article 2, Chapter 1 of Title 7 of the Official Code of Georgia Annotated, as now or hereafter amended;</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.01(5)(a)4.">4.</a></td> <td valign="top" style="text-align:left" class="leftalign"> A national bank with an office located in this state and authorized to act as a fiduciary under the laws of the United States; and</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.01(5)(a)5.">5.</a></td> <td valign="top" style="text-align:left" class="leftalign"> A federally chartered savings and loan association with an office located in this state and authorized to act as a fiduciary under the laws of the United States.</td> </tr> </table> </td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.01(5)(b)">(b)</a></td> <td valign="top" style="text-align:left" class="leftalign"> Any prospective escrow agent not specifically described in this Rule may petition the Secretary of State for approval.</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.01(5)(c)">(c)</a></td> <td valign="top" style="text-align:left" class="leftalign"> No less than ten (10) days prior to any change or substitution of the escrow agent of a preneed escrow account, the preneed dealer required to establish and maintain a preneed escrow account pursuant to Section <a href="https://links.casemakerlegal.com/states/ga/books/Code_of_Georgia/browse?ci=25&amp;id=gasos&amp;codesec=10-14-7&amp;title=10#" target="_newtab">10-14-7</a> of the Act shall file a notice with the Office of the Secretary of State containing the following: <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.01(5)(c)1.">1.</a></td> <td valign="top" style="text-align:left" class="leftalign"> The name, location, mailing address, and telephone number of the registrant's principal business location in Georgia, together with any trade names associated with each location;</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.01(5)(c)2.">2.</a></td> <td valign="top" style="text-align:left" class="leftalign"> The name, telephone number and address, including city, state and zip code, of the new escrow agent;</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.01(5)(c)3.">3.</a></td> <td valign="top" style="text-align:left" class="leftalign"> A copy of the preneed escrow agreement executed by the registrant and accepted by the new escrow agent, and evidence satisfactory to the Secretary of State of the deposit into such account of the amounts required under Section <a href="https://links.casemakerlegal.com/states/ga/books/Code_of_Georgia/browse?ci=25&amp;id=gasos&amp;codesec=10-16-7&amp;title=10#" target="_newtab">10-16-7</a> of the Act, the preneed escrow agreement being conditioned only upon receipt by the Secretary of State of the notice required by this Rule;</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.01(5)(c)4.">4.</a></td> <td valign="top" style="text-align:left" class="leftalign"> The name, address, location, and telephone number of the preneed escrow account depository or depositories, the names of the accounts, and the account numbers;</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.01(5)(c)5.">5.</a></td> <td valign="top" style="text-align:left" class="leftalign"> A dated and notarized signature of the individual duly authorized to sign the notice filing, including the signatory's printed name and title. If the cemetery is incorporated, the president or authorized individual shall sign.</td> </tr> </table> </td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.01(5)(d)">(d)</a></td> <td valign="top" style="text-align:left" class="leftalign"> Within thirty days after any change or substitution of the escrow agent of a preneed escrow account, the prior escrow agent shall submit to the Office of the Secretary of State the following: <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.01(5)(d)1.">1.</a></td> <td valign="top" style="text-align:left" class="leftalign"> The yearly financial report set forth in Section <a href="https://links.casemakerlegal.com/states/ga/books/Code_of_Georgia/browse?ci=25&amp;id=gasos&amp;codesec=10-14-7&amp;title=10#10-14-7(h)" target="_newtab">10-14-7(h)</a> of the Act calculated based on the year-to-date with respect to the preneed escrow account; and</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.01(5)(d)2.">2.</a></td> <td valign="top" style="text-align:left" class="leftalign"> Written certification of the amount of funds transferred to the new escrow agent.</td> </tr> </table> </td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.01(5)(e)">(e)</a></td> <td valign="top" style="text-align:left" class="leftalign"> Within thirty days after any change or substitution of the escrow agent of a preneed escrow account, the new escrow agent shall submit to the Office of the Secretary of State verification of the funds received.</td> </tr> </table> </td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.01(6)">(6)</a></td> <td valign="top" style="text-align:left" class="leftalign"> If amounts received pursuant to Section <a href="https://links.casemakerlegal.com/states/ga/books/Code_of_Georgia/browse?ci=25&amp;id=gasos&amp;codesec=10-14-7&amp;title=10#" target="_newtab">10-14-7</a> of the Act are deposited in a preneed escrow account which bears interest, a sum not less than the lesser of 10 percent of the escrowed amount or one-half of the interest earned as of the date of release may be retained by the preneed dealer as an administrative fee for reimbursement of the preneed dealer for costs. The remaining interest shall be retained in the account with the principal and shall be held, accounted for and transferred in the same manner as the principal amount to assure delivery of the same quality of service and merchandise for which the preneed contract was made.</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.01(7)">(7)</a></td> <td valign="top" style="text-align:left" class="leftalign"> Conversion of Preneed Escrow Account to Trust <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.01(7)(a)">(a)</a></td> <td valign="top" style="text-align:left" class="leftalign"> A preneed dealer that established one or more preneed escrow accounts into which deposits were made pursuant to Section <a href="https://links.casemakerlegal.com/states/ga/books/Code_of_Georgia/browse?ci=25&amp;id=gasos&amp;codesec=10-14-7&amp;title=10#" target="_newtab">10-14-7</a> of the Act may transfer one or more existing preneed escrow accounts into a preneed trust account pursuant to Sections <a href="https://links.casemakerlegal.com/states/ga/books/Code_of_Georgia/browse?ci=25&amp;id=gasos&amp;codesec=10-14-7&amp;title=10#" target="_newtab">10-14-7</a> or 10-14-7.1 of the Act, as applicable.</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.01(7)(b)">(b)</a></td> <td valign="top" style="text-align:left" class="leftalign"> No less than ten (10) days prior to transferring a preneed escrow account to a preneed trust account, the preneed dealer required to establish and maintain such account pursuant to Section <a href="https://links.casemakerlegal.com/states/ga/books/Code_of_Georgia/browse?ci=25&amp;id=gasos&amp;codesec=10-14-7&amp;title=10#" target="_newtab">10-14-7</a> or 10-14-7.1 1 shall file a notice with the Office of the Secretary of State containing the following: <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.01(7)(b)1.">1.</a></td> <td valign="top" style="text-align:left" class="leftalign"> The name, location, mailing address, and telephone number of the registrant's principal business location in Georgia, together with any trade names associated with each location;</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.01(7)(b)2.">2.</a></td> <td valign="top" style="text-align:left" class="leftalign"> The name, telephone number and address, including city, state and zip code, of the new trustee of the preneed trust fund;</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.01(7)(b)3.">3.</a></td> <td valign="top" style="text-align:left" class="leftalign"> A copy of the preneed trust fund agreement executed by the registrant and accepted by the new trustee;</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.01(7)(b)4.">4.</a></td> <td valign="top" style="text-align:left" class="leftalign"> The names of the accounts and account numbers being transferred from the preneed escrow account.</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.01(7)(b)5.">5.</a></td> <td valign="top" style="text-align:left" class="leftalign"> The name, address, location, and telephone number of the preneed trust fund depository or depositories, the names of the trust accounts, and the trust account numbers;</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.01(7)(b)6.">6.</a></td> <td valign="top" style="text-align:left" class="leftalign"> A dated and notarized signature of the individual duly authorized to sign the notice filing, including the signatory's printed name and title. If the cemetery is incorporated, the president or authorized individual shall sign; and</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.01(7)(b)7.">7.</a></td> <td valign="top" style="text-align:left" class="leftalign"> If the person signing did not prepare the notice filing, the printed name, signature, and title of the person who prepared the notice filing is required.</td> </tr> </table> </td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.01(7)(c)">(c)</a></td> <td valign="top" style="text-align:left" class="leftalign"> Within thirty days after transferring a preneed escrow account to a preneed trust account, the former escrow agent shall submit to the Office of the Secretary of State: <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.01(7)(c)1.">1.</a></td> <td valign="top" style="text-align:left" class="leftalign"> The yearly financial report set forth in Section <a href="https://links.casemakerlegal.com/states/ga/books/Code_of_Georgia/browse?ci=25&amp;id=gasos&amp;codesec=10-14-7&amp;title=10#10-14-7(h)" target="_newtab">10-14-7(h)</a> of the Act calculated based on the year-to-date with respect to the preneed account(s); and</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.01(7)(c)2.">2.</a></td> <td valign="top" style="text-align:left" class="leftalign"> Written certification showing the account balances for the escrow account as of the date of closure of the preneed escrow account;</td> </tr> </table> </td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.01(7)(d)">(d)</a></td> <td valign="top" style="text-align:left" class="leftalign"> Within thirty days after transferring a preneed escrow account to a preneed trust account, the the new depository shall submit to the Office of the Secretary of State verification showing the account balances for the preneed trust as of the date of opening of the new preneed trust;</td> </tr> </table> </td> </tr> </table> <h2><a href="/GAC/590-3-4-.02" name="590-3-4-.02" title="590-3-4-.02">Rule 590-3-4-.02 Burial Merchandise and Services</a></h2> <P>Subject to the provisions of Sec. <a href="https://links.casemakerlegal.com/states/ga/books/Code_of_Georgia/browse?ci=25&amp;id=gasos&amp;codesec=10-14-7&amp;title=10#10-14-7(d)" target="_newtab">10-14-7(d)</a> of the Act, delivery of burial merchandise for the purposes of Sec. <a href="https://links.casemakerlegal.com/states/ga/books/Code_of_Georgia/browse?ci=25&amp;id=gasos&amp;codesec=10-14-7&amp;title=10#10-14-7(d)" target="_newtab">10-14-7(d)</a>may be accomplished by either:</P> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.02(1)">(1)</a></td> <td valign="top" style="text-align:left" class="leftalign"> Actual and physical delivery of the burial merchandise to the purchaser or the purchaser's representative at a place designated by him or her at the time of need, or in the case of merchandise other than a monument or outer burial container intended for use with a casket to be buried, and not intended to be affixed to realty above ground and to be monumental in character, at a time prior to the time of need; or</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.02(2)">(2)</a></td> <td valign="top" style="text-align:left" class="leftalign"> With the permission of the purchaser or the purchaser's representative, physical attachment of the burial merchandise, if it is a monument, to a burial space, individual crypt or mausoleum space owned by the purchaser.</td> </tr> </table> <h2><a href="/GAC/590-3-4-.03" name="590-3-4-.03" title="590-3-4-.03">Rule 590-3-4-.03 Preneed Escrow Agreement</a></h2> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.03(1)">(1)</a></td> <td valign="top" style="text-align:left" class="leftalign"> Filing. <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.03(1)(a)">(a)</a></td> <td valign="top" style="text-align:left" class="leftalign"> 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.</td> </tr> </table> </td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.03(2)">(2)</a></td> <td valign="top" style="text-align:left" class="leftalign"> 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.</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.03(3)">(3)</a></td> <td valign="top" style="text-align:left" class="leftalign"> 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.</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.03(4)">(4)</a></td> <td valign="top" style="text-align:left" class="leftalign"> 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.</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.03(5)">(5)</a></td> <td valign="top" style="text-align:left" class="leftalign"> Amendments. <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.03(5)(a)">(a)</a></td> <td valign="top" style="text-align:left" class="leftalign"> Each proposed amendment or change to the preneed escrow agreement proposed by the preneed dealer shall be submitted to the Secretary of State.</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.03(5)(b)">(b)</a></td> <td valign="top" style="text-align:left" class="leftalign"> 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.</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.03(5)(c)">(c)</a></td> <td valign="top" style="text-align:left" class="leftalign"> 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. </td> </tr> </table> </td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.03(4)">(4)</a></td> <td valign="top" style="text-align:left" class="leftalign"> 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.</td> </tr> </table> <h2><a href="/GAC/590-3-4-.04" name="590-3-4-.04" title="590-3-4-.04">Rule 590-3-4-.04 Records</a></h2> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.04(1)">(1)</a></td> <td valign="top" style="text-align:left" class="leftalign"> Corporate and Financial Records.Each preneed dealer required to register with the Secretary of State shall keep and maintain its business and financial records for the preneed dealer and its preneed escrow account as segregated records separate and apart from the records of any other preneed dealer, financial accounts, or business, including any other business of the preneed dealer, preneed dealer salespersons, or escrow account agent.</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.04(2)">(2)</a></td> <td valign="top" style="text-align:left" class="leftalign"> Sales Contracts. <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.04(2)(a)">(a)</a></td> <td valign="top" style="text-align:left" class="leftalign"> Sales of burial and funeral merchandise and services by or on behalf of a preneed dealer required to register with the Secretary of State shall be made and evidenced by a written sales contract. <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.04(2)(a)1.">1.</a></td> <td valign="top" style="text-align:left" class="leftalign"> The sales contracts for each preneed dealer shall be consecutively numbered in one continuous numerical sequence.</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.04(2)(a)2.">2.</a></td> <td valign="top" style="text-align:left" class="leftalign"> If the sales contract also includes items, property, or services sold by a cemetery required to be registered with the Secretary of State, the sales contracts shall be in sequential numerical order as outlined in Rule <a title="590-3-3-.03(1)" href="590-3-3-.03#590-3-3-.03(1)">590-3-3-.03(1)</a> so that all sales contracts will be consecutively numbered for the entire cemetery.</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.04(2)(a)3.">3.</a></td> <td valign="top" style="text-align:left" class="leftalign"> Each preneed dealer shall maintain a legible copy (photostatic or otherwise) of every executed sales contract. Said copies shall be available for inspection upon request by representatives of the Secretary of State.</td> </tr> </table> </td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.04(2)(b)">(b)</a></td> <td valign="top" style="text-align:left" class="leftalign"> Any additional sales to or material contractual modifications or amendments with previous purchasers shall be made pursuant to a new contract with a new contract number.</td> </tr> </table> </td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.04(3)">(3)</a></td> <td valign="top" style="text-align:left" class="leftalign"> Sales Journal. Each preneed dealer required to register with the Secretary of State shall keep and maintain a sales journal at the preneed dealer's principal place of business. Said sales journal shall contain, at a minimum, the following items: <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.04(3)(a)">(a)</a></td> <td valign="top" style="text-align:left" class="leftalign"> A record of each individual sales contract, indicating the sales contract number;</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.04(3)(b)">(b)</a></td> <td valign="top" style="text-align:left" class="leftalign"> The date of execution of each specified sales contract;</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.04(3)(c)">(c)</a></td> <td valign="top" style="text-align:left" class="leftalign"> The name of the person who purchased burial merchandise pursuant to each specified sales contract;</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.04(3)(d)">(d)</a></td> <td valign="top" style="text-align:left" class="leftalign"> The total sales price of the merchandise subject to each specified sales contract;</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.04(3)(e)">(e)</a></td> <td valign="top" style="text-align:left" class="leftalign"> The total amount due to the preneed escrow account(s);</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.04(3)(f)">(f)</a></td> <td valign="top" style="text-align:left" class="leftalign"> A list of burial merchandise sold pursuant to each specified sales contract; and</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.04(3)(g)">(g)</a></td> <td valign="top" style="text-align:left" class="leftalign"> An indication whether the contract is an at need or preneed sale.</td> </tr> </table> </td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.04(4)">(4)</a></td> <td valign="top" style="text-align:left" class="leftalign"> Joint Sales Record. If a person, as defined by the Act, is registered with the Secretary of State both as a cemetery and as a preneed dealer, the required records regarding sales contracts and sales journal to be kept pursuant to Rules <a title="590-3-3-.03" href="590-3-3-.03">590-3-3-.03</a> and <a title="590-3-3-.04" href="590-3-3-.04">590-3-3-.04</a> shall be kept jointly so that there will be one sales journal with consecutively numbered sales contracts for the entire cemetery.</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.04(5)">(5)</a></td> <td valign="top" style="text-align:left" class="leftalign"> Burial Merchandise Inventory Log. <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.04(5)(a)">(a)</a></td> <td valign="top" style="text-align:left" class="leftalign"> A log shall be kept of all delivered burial merchandise. Said log shall contain the name of the purchaser, the number of the sales contract, the date the sales contract was executed, and the date the merchandise was delivered.</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.04(5)(b)">(b)</a></td> <td valign="top" style="text-align:left" class="leftalign"> Each item of delivered burial merchandise shall have the number of the sales contract under which it was sold affixed to it.</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.04(5)(c)">(c)</a></td> <td valign="top" style="text-align:left" class="leftalign"> The circumstances or acts that constitute delivery for the purposes of this Rule shall be the same as those stated in Rule <a title="590-3-4-.02" href="590-3-4-.02">590-3-4-.02</a> and the Act.</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.04(5)(d)">(d)</a></td> <td valign="top" style="text-align:left" class="leftalign"> The burial merchandise inventory log shall be maintained in this state and shall be available for inspection upon request by the representatives of the Secretary of State.</td> </tr> </table> </td> </tr> </table> <h2><a href="/GAC/590-3-4-.05" name="590-3-4-.05" title="590-3-4-.05">Rule 590-3-4-.05 Refunds</a></h2> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.05(1)">(1)</a></td> <td valign="top" style="text-align:left" class="leftalign"> The amount of interest accruing on the sales price of merchandise and services described in O.C.G.A. § <a href="https://links.casemakerlegal.com/states/ga/books/Code_of_Georgia/browse?ci=25&amp;id=gasos&amp;codesec=10-14-17&amp;title=10#" target="_newtab">10-14-17</a> and to be refunded pursuant to the provisions thereof shall be computed as follows: <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.05(1)(a)">(a)</a></td> <td valign="top" style="text-align:left" class="leftalign"> In the case of a segregated account, the interest shall be the balance present in the account at the time the refund is made less the amount originally deposited.</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.05(1)(b)">(b)</a></td> <td valign="top" style="text-align:left" class="leftalign"> In the case of an aggregated account, any registrant: <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.05(1)(b)1.">1.</a></td> <td valign="top" style="text-align:left" class="leftalign"> May calculate the amount of interest or other earnings attributable to the individual initial deposit by multiplying the average U.S. Treasury Bill yield for the period during which the purchase price was on deposit by the amount of the initial deposit. The average U.S. Treasury Bill yield for said period shall be determined by averaging the yield on the three-month U.S. Treasury Bill on the last day of each calendar quarter during said period; or</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.05(1)(b)2.">2.</a></td> <td valign="top" style="text-align:left" class="leftalign"> In the alternative, a registrant may by rule filed with the Secretary set forth a formula reasonably calculated to compute the proportionate amount of the earnings of such account during the period between the time of the required initial deposit and the time of the refund; provided that in no event shall the proportional earnings on such account be less than the amount which would result from multiplying the initial deposit by one-half (1/2) of the legal rate of interest during such period on a simple interest basis. Records reflecting any calculation made pursuant to any such rule shall be retained in the records of the registrant and provided upon request to the person requesting the refund.</td> </tr> </table> </td> </tr> </table> </td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.05(2)">(2)</a></td> <td valign="top" style="text-align:left" class="leftalign"> It shall not be a violation of the Act for a registrant to refund the incorrect amount of interest provided it can demonstrate that it has made a good faith attempt to refund the correct amount and, upon a determination by the Secretary of State, after notice and opportunity for a hearing, that the incorrect amount was refunded and represented no more than a 10% variance from the correct amount, and that the registrant promptly refunds any difference between the amount originally refunded and the correct amount, together with interest at the legal rate.</td> </tr> </table> <h2><a href="/GAC/590-3-4-.06" name="590-3-4-.06" title="590-3-4-.06">Rule 590-3-4-.06 Reports Subsequent to Effective Registration</a></h2> <P>Each preneed registrant required to register with the Secretary of State shall file an annual report in a form specified by the Secretary of State.</P> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.06(1)">(1)</a></td> <td valign="top" style="text-align:left" class="leftalign"> The report shall be deemed to be timely filed if it is either: <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.06(1)(a)">(a)</a></td> <td valign="top" style="text-align:left" class="leftalign"> Received in the office of the Division of Securities and Business Regulation during business hours not later than March 31 of each calendar year, or</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.06(1)(b)">(b)</a></td> <td valign="top" style="text-align:left" class="leftalign"> If it is mailed certified mail, return-receipt requested and post-marked not later than March 31 of each calendar year.</td> </tr> </table> </td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.06(2)">(2)</a></td> <td valign="top" style="text-align:left" class="leftalign"> In the case of an aggregated account, the report must include all supporting documents including, but not limited to, a calendar year end bank statement.</td> </tr> </table> <h2><a href="/GAC/590-3-4-.07" name="590-3-4-.07" title="590-3-4-.07">Rule 590-3-4-.07 Preneed Trust Fund</a></h2> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.07(1)">(1)</a></td> <td valign="top" style="text-align:left" class="leftalign"> Establishment of Trust Fund. Each preneed dealer that sells burial or funeral merchandise on a preneed basis or preneed burial or funeral services, other than preneed funeral services described in Section <a href="https://links.casemakerlegal.com/states/ga/books/Code_of_Georgia/browse?ci=25&amp;id=gasos&amp;codesec=10-14-7.1&amp;title=10#" target="_newtab">10-14-7.1</a> of the Act, and has not established either an escrow account pursuant to Section <a href="https://links.casemakerlegal.com/states/ga/books/Code_of_Georgia/browse?ci=25&amp;id=gasos&amp;codesec=10-14-7&amp;title=10#" target="_newtab">10-14-7</a> of the Act or a trust account for preneed funeral services pursuant to Section <a href="https://links.casemakerlegal.com/states/ga/books/Code_of_Georgia/browse?ci=25&amp;id=gasos&amp;codesec=10-14-7.1&amp;title=10#" target="_newtab">10-14-7.1</a> of the Act shall establish a trust fund into which deposits shall be made pursuant to Section <a href="https://links.casemakerlegal.com/states/ga/books/Code_of_Georgia/browse?ci=25&amp;id=gasos&amp;codesec=10-14-7&amp;title=10#" target="_newtab">10-14-7</a> of the Act. </td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.07(2)">(2)</a></td> <td valign="top" style="text-align:left" class="leftalign"> Preneed Trust Agreement. <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.07(2)(a)">(a)</a></td> <td valign="top" style="text-align:left" class="leftalign"> Each preneed dealer shall be under a continuing duty to file with the Secretary of State any and all changes, amendments, or revisions to the preneed trust agreement filed pursuant to Section <a href="https://links.casemakerlegal.com/states/ga/books/Code_of_Georgia/browse?ci=25&amp;id=gasos&amp;codesec=10-14-4&amp;title=10#10-14-4(b)(2)(L)" target="_newtab">10-14-4(b)(2)(L)</a> of the Act.</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.07(2)(b)">(b)</a></td> <td valign="top" style="text-align:left" class="leftalign"> Each preneed trust agreement filed with the Secretary of State must include a certification clause verifying that the agreement is in accordance with the Act and the Rules and Regulations.</td> </tr> </table> </td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.07(3)">(3)</a></td> <td valign="top" style="text-align:left" class="leftalign"> Depositories. <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.07(3)(a)">(a)</a></td> <td valign="top" style="text-align:left" class="leftalign"> No less than ten (10) days prior to transferring a preneed trust fund from one depository to another, the preneed dealer required to establish and maintain the preneed trust fund pursuant to Section <a href="https://links.casemakerlegal.com/states/ga/books/Code_of_Georgia/browse?ci=25&amp;id=gasos&amp;codesec=10-14-7&amp;title=10#" target="_newtab">10-14-7</a> of the Act shall file a notice with the Office of the Secretary of State containing the following: <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.07(3)(a)1.">1.</a></td> <td valign="top" style="text-align:left" class="leftalign"> The name, location, mailing address, and telephone number of the registrant's principal business location in Georgia, together with any trade names associated with each location;</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.07(3)(a)2.">2.</a></td> <td valign="top" style="text-align:left" class="leftalign"> The name, address, location, and telephone number of the new depository and the names of the accounts and account numbers being transferred to the new depository;</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.07(3)(a)3.">3.</a></td> <td valign="top" style="text-align:left" class="leftalign"> A dated and notarized signature of the individual duly authorized to sign the notice filing, including the signatory's printed name and title. If the cemetery is incorporated, the president or authorized individual shall sign.</td> </tr> </table> </td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.07(3)(b)">(b)</a></td> <td valign="top" style="text-align:left" class="leftalign"> Within thirty days after transferring a preneed trust fund from one depository to another, the former depository shall submit to the Office of the Secretary of State certification showing the actual account balances for the preneed trust account as of the date of closing of the preneed trust account.</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.07(3)(c)">(c)</a></td> <td valign="top" style="text-align:left" class="leftalign"> Within thirty days after transferring a preneed trust fund from one depository to another, the new depository shall submit to the Office of the Secretary of State verification showing the actual account balances for the preneed trust account as of the date of opening of the new preneed trust account.</td> </tr> </table> </td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.07(4)">(4)</a></td> <td valign="top" style="text-align:left" class="leftalign"> Trustee of Preneed Trust Fund. <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.07(4)(a)">(a)</a></td> <td valign="top" style="text-align:left" class="leftalign"> No less than ten (10) days prior to any change or substitution of the trustee of a preneed trust fund, a preneed dealer shall file a notice with the Secretary of State that contains the following: <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.07(4)(a)1.">1.</a></td> <td valign="top" style="text-align:left" class="leftalign"> The name and registration number of the preneed dealer or, if an exempt preneed dealer, related registration number;</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.07(4)(a)2.">2.</a></td> <td valign="top" style="text-align:left" class="leftalign"> The registrant's mailing address, including city, state and zip code, and telephone number;</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.07(4)(a)3.">3.</a></td> <td valign="top" style="text-align:left" class="leftalign"> The name, telephone number and address, including city, state and zip code, of the new trustee of the preneed trust fund;</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.07(4)(a)4.">4.</a></td> <td valign="top" style="text-align:left" class="leftalign"> A copy of the preneed trust fund agreement executed by the registrant and accepted by the new trustee;</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.07(4)(a)5.">5.</a></td> <td valign="top" style="text-align:left" class="leftalign"> The name, address, location, and telephone number of the preneed trust fund depository or depositories, the names of the accounts, and the account numbers;</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.07(4)(a)6.">6.</a></td> <td valign="top" style="text-align:left" class="leftalign"> A dated and notarized signature of the individual duly authorized to sign the notice filing, including the signatory's printed name and title. If the cemetery is incorporated, the president or authorized individual shall sign; and</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.07(4)(a)7.">7.</a></td> <td valign="top" style="text-align:left" class="leftalign"> If the person signing did not prepare the notice filing, the printed name, signature, and title of the person who prepared the notice filing is required.</td> </tr> </table> </td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.07(4)(b)">(b)</a></td> <td valign="top" style="text-align:left" class="leftalign"> Within thirty days after any change or substitution of the trustee of a preneed trust fund, the former trustee shall submit the yearly financial report set forth in Section <a href="https://links.casemakerlegal.com/states/ga/books/Code_of_Georgia/browse?ci=25&amp;id=gasos&amp;codesec=10-14-7&amp;title=10#10-14-7(h)" target="_newtab">10-14-7(h)</a> of the Act calculated based on the year-to-date with respect to the preneed trust fund and certification of the amount of funds transferred to the new trustee.</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="590-3-4-.07(4)(c)">(c)</a></td> <td valign="top" style="text-align:left" class="leftalign"> Within thirty days after any change or substitution of the trustee of a preneed trust fund, the new trustee shall submit to the Secretary of State verification that the funds have been received.</td> </tr> </table> </td> </tr> </table> </div> </div> </HTML> </div> <div id="toc" class="sidebar noprint"> <ul id="toc-children" class="children"><li><a href="/GAC/590-3-4-.01" name="590-3-4-.01" title="590-3-4-.01">Rule 590-3-4-.01 Preneed Escrow Accounts</a></li><li><a href="/GAC/590-3-4-.02" name="590-3-4-.02" title="590-3-4-.02">Rule 590-3-4-.02 Burial Merchandise and Services</a></li><li><a href="/GAC/590-3-4-.03" name="590-3-4-.03" title="590-3-4-.03">Rule 590-3-4-.03 Preneed Escrow Agreement</a></li><li><a href="/GAC/590-3-4-.04" name="590-3-4-.04" title="590-3-4-.04">Rule 590-3-4-.04 Records</a></li><li><a href="/GAC/590-3-4-.05" name="590-3-4-.05" title="590-3-4-.05">Rule 590-3-4-.05 Refunds</a></li><li><a href="/GAC/590-3-4-.06" name="590-3-4-.06" title="590-3-4-.06">Rule 590-3-4-.06 Reports Subsequent to Effective Registration</a></li><li><a href="/GAC/590-3-4-.07" name="590-3-4-.07" title="590-3-4-.07">Rule 590-3-4-.07 Preneed Trust Fund</a></li></ul> </div> </div> <!--content ends here--> <div id="footer" class="noprint"><span class="footer">Copyright &copy; 2019 Lawriter LLC - All rights reserved.</span>| <a href="mailto:support@casemakerlegal.com?subject=Rules and Regulations of the State of Georgia">Email Us</a> | 844-838-0769 | <a href="http://livechat.casemakerlegal.com/client.php?locale=en" target="_blank" onclick="if(navigator.userAgent.toLowerCase().indexOf('opera') != -1 && window.event.preventDefault)window.event.preventDefault();this.newWindow = window.open('http://livechat.casemakerlegal.com/client.php?locale=en&url='+escape(document.location.href)+'&referrer='+escape(document.referrer), 'webim','toolbar=0,scrollbars=0,location=0,status=1,menubar=0,width=640,height=480,resizable=1');this.newWindow.focus();this.newWindow.opener=window;return false;">Live Chat</a> </div> </div> </body> </html>