§ 62-5-405 — Procedure for registration

(a) In order to obtain a pre-need seller registration or a pre-need sales agent registration, an individual, funeral establishment or other individual, firm, partnership, company, corporation, or association shall: (1) File an application with the department on a form prescribed by the commissioner; and (2) Pay a nonrefundable filing fee in an amount set by the commissioner. (b) A pre-need seller registration shall be valid only at the address provided in the application or at a new address approved by the commissioner. (c) All registrations issued under this part shall be valid for two (2) years. (d) All registrations become invalid unless renewed. (e) The commissioner shall send a renewal notice and the renewal of a registration may be effected at any time during the two (2) months preceding the date of expiration upon submission of an application to the commissioner on the prescribed form, accompanied by a renewal fee as set by the commissioner. (f) No later than seventy-five (75) days after the end of the pre-need seller's fiscal year, pre-need sellers and trustees shall file an annual report with the commissioner on forms prescribed by the commissioner. The report shall include a summary of the information contained in the accounts, books, and records required to be kept pursuant to rules promulgated by the commissioner, and other information as the commissioner may reasonably require. An additional report shall not be required based on the establishment of trusts pursuant to this title and title 46. In such instance, only one (1) report shall be required.

Legislative History

Amended by 2016 Tenn. Acts, ch. 911,s 13, eff. 4/27/2016. Acts 2007, ch. 592, § 6.