§36-7125. Application for permit – Cancellation of or refusal to issue or renew permit – Appeal.
A. Each organization desiring to accept money or anything of value for prepaid cemetery merchandise shall file an application for a permit with the Insurance Commissioner, and shall at the time of filing the application pay one initial filing fee of Two Hundred Dollars ($200.00). The Commissioner shall issue a permit upon the receipt of […]
§36-7302. Dental insurance plans – Contracting entity requirements
A. As used in this section: 1. “Contracting entity” means any person or entity that is engaged in the act of contracting with providers for the delivery of dental services or the selling or assigning of dental plans to other dental care entities; 2. “Identify” means providing in writing, by email or otherwise, to the […]
§36-7102. Definitions
As used in the Perpetual Care Fund Act: 1. “Cemetery” or “cemeteries” means any land or structure in this state dedicated to or used, or intended to be used, for the interment of human remains; 2. “Burial space” means any grave space, lot, mausoleum crypt or niche, whether above or below ground, which is used […]
§36-7103. Perpetual Care Fund – Deposits into fund – Investments – Distribution methods
A. In all cemeteries in this state where burial spaces are sold, not less than ten percent (10%) of the purchase price thereof shall be segregated and set aside as a permanent trust fund to be known as the “Perpetual Care Fund”. The Perpetual Care Fund shall be invested as hereinafter prescribed, and the income […]
§36-7104. Donations, deposits or bequests in trust.
Donations, deposits or bequests may be made in trust by mutual agreement between the cemetery and lot owner or lot owners, for the special care of specified lots, monuments or mausoleums in any such cemetery, and such funds shall be invested in like manner as the Perpetual Care Fund, but a separate account shall be […]
§36-7105. Investment of trust funds – Income
Accumulated trust funds held by the trustee of the Perpetual Care Fund shall be invested in the manner provided in the Oklahoma Trust Act, Sections 175.1 through 175.57 of Title 60 of the Oklahoma Statutes, and any amendments thereto. The income derived therefrom shall be returned to the cemeteries to be used by them only […]
§36-7106. Annual fee and report – Examination of books and records – Cost of examination
A. The owner of a cemetery maintaining a Perpetual Care Trust Fund, or certificate of deposit in lieu of a Perpetual Care Trust Fund, shall be required to pay to the Insurance Commissioner an annual fee of Two Hundred Dollars ($200.00), and file a report of each cemetery by March 15 of each year with […]
§36-7107. Prepayment contract finance charges – Disclosure.
Every cemetery which provides prepayment financing programs to its customers under contracts in which a finance charge is made shall comply with all applicable provisions of the Uniform Consumer Credit Code, Sections 1-101 through 9-101 of Title 14A of the Oklahoma Statutes. Added by Laws 1993, c. 218, § 4, eff. Sept. 1, 1993. Amended […]
§36-7108. Exceptions to application of act.
A. The provisions of the Perpetual Care Fund Act shall not apply to municipal, religious, fraternal, or nonprofit entities, free community burial grounds, county cemetery associations, Indian tribal cemeteries on tribal land and charitable or eleemosynary institutions operating cemeteries in this state. B. The provisions of the Perpetual Care Fund Act may apply to unincorporated […]
§36-7109. Administration of act – Rules and regulations.
The Perpetual Care Fund Act shall be administered by the Insurance Commissioner. The Commissioner is authorized to promulgate reasonable rules and regulations concerning the keeping and inspection of records, the filing of contracts and reports, and all other matters concerning the orderly administration and implementation of the Perpetual Care Fund Act. Added by Laws 1993, […]