Caballes, Danica, EH 404

REGISTRATION CLAIMS UNFAIR CLAIM REGULATION

PARTIES KINDS TERMINATION TRUST FUND
AND DISCLOSURE SETTLEMENT SETTLEMENT
OF INFORMATION

Scheduled Knowingly On the management of

Pre-Need Life Plans Pre-need Company must By
Benefit misrepresenting to the pre-need company
Company file with the Commission: Planholder
Duly accomplished Plans – paid claimants pertinent
immediately facts or plan provisions
Registration Statement
upon relating to coverages at
maturity of issue Rules on Licensing of
Planholder Pension By Pre-need
the contract Sales Counselors and
Plans Company
Board Resolution General Agents
authorizing the
Failing to acknowledge
registration of the
Beneficiary with reasonable
applicant’s pre-need plan Contingent
Educational promptness pertinent Rule for Accreditation
Benefit communications with of Actuaries
Plans Plans – respect to claims
paid within arising under its plan
Opinion of independent 30 days
counsel on the legality of upon
submission Reportorial
Memorial or the issue
of all Requirements of Pre-
Interment Plans Failing to adopt and
necessary need Companies
implement reasonable
documents standards for the
Supporting documents prompt investigation of
(Articles and By-laws, claims arising under its
Plans identified Trust Agreement and Examination of Pre-
plan
by the others) need Companies by the
Commission Commission

Failing to provide
Audited Financial
prompt, fair and
Fixed Value Plan Statement accompanied Imposition of Financial
equitable settlement of
In-force Plan by an audit report of the Accounting Standards
claims submitted in
Lapsed Plan certifying auditors as of
which liability has
Cancelled Plan a date not more than 90
become reasonably clear
Scheduled Benefit days prior to the date of
Plans filing of the registration Rules on Conservatorship
Contingent Plans statement and Proceedings upon
Compelling planholders to Insolvency
institute suits or recover amounts
due under its plan by offering,
Actuarial Feasibility Study without justifiable reasons,
Imposition of Administrative
substantially less than the
Sanctions and Criminal Penalties
amounts ultimately recovered in
suits brought by them