The Prepaid Funeral Benefits Division, which is a sub-section of the Finance Division, provides regulatory oversight over funeral homes, perpetual care cemeteries, and other funeral services industry participants that are licensed to sell and administrate prepaid funeral benefits business in Arkansas. Applicable “Prepaid Funeral Benefits Law” includes Act 852 (1995), Act 372 (1997), Act 1249 (1999), Act 1043 (2001), Act 987 (2003), Act 476 (2013), Act 880 & 904 (2015), Act 500 & 521 (2019), as well as a few others. The Prepaid Funeral Benefits Division regulates prepaid funeral benefits activity through the review of annual and quarterly reports, periodic on-site examinations and/or in-house desk audits, and through the review of consumer complaints against and inquiries regarding prepaid licensees.

 

  • Legal/Regulatory References - Prepaid Funeral Benefits Law

Arkansas Prepaid Funeral Benefits Law (A.C.A. § 23-40-101 et seq.)

Rule 63 - Preneed Insurance Replacement and Prepaid Funeral Benefits Contract Cancellation Requirements

Rule 84 - Prepaid Funeral Benefits Contracts Recovery Fund Fees

  • Annual Report Recap

            2019  2018   2017   2016     2015          

 

  • Annual Report Forms & Instructions

            AID-FI-AR2019 2019 Annual Report Form (Consolidated format) January 1 through December 31st

           2019 Annual Report Completion Instructions

  • Quarterly Report Forms & Instructions

            AID-FI-QTRLY (2020Q1) 1st Quarter 2020 (01/01/20 - 03/31/20)

            AID-FI-QTRLY (2020Q2) 2nd Quarter 2020 (04/01/20 - 06/30/20)

            AID-FI-QTRLY (2020Q3) 3rd Quarter 2020 (07/01/20 - 09/30/20)

            AID-FI-QTRLY (2020Q4) 4th Quarter 2020 (10/01/20 - 12/31/20)

  • Prepaid Contract Cancellation/Transfer Forms

            AID-FI-C1 Seller’s Affidavit of Contract Performance: Request to Withdraw Funds or Proceeds

            AID-FI-C2 Seller’s affidavit for Cancellation and Cash Surrender or Re-Assignment of Prepaid Funeral Benefits Contract Proceeds

            AID-FI-C3 Affidavit and Request of Purchaser to Cancel a Prepaid Funeral Benefits Contract

            Appendix A Important Notice: Replacement of Life Insurance or Annuities

            Appendix B Important Notice: Replacement of Prepaid Funeral Benefit Contracts

  • Initial Prepaid Funeral Benefits License Application Forms

            AID-FI-F1 Application for a Prepaid Funeral Benefits License

            AID-FI-F3 Agreement to Hold, Invest & Administer Prepaid Funeral Benefits Trust  (a.k.a. Trust Agreement)

            AID-FI-F4 Certification of Net Worth by Applicant for Initial or Renewed License

            AID-FI-F5 Applicant’s Affidavit of No Existing Prepaid Funeral Contracts

            AID-FI-CA Custodial Agreement

  • Renewal Application Forms

            AID-FI-F2 Application for Renewal of a Prepaid Funeral Benefits License

            AID-FI-F4 Certification of Net Worth by Applicant for Initial or Renewed License

  • Change of Ownership Application Forms

             AID-FI-F6 Application for Change of Ownership of Prepaid Funeral Benefits Contracts and Funds

             AID-FI-F7 Assignment and Acceptance of Prepaid Funeral Benefits Contracts and Trust Funds

             AID-FI-F8 Transferee's certification of Net Worth in a Change of Ownership Transaction

  • Transfer of Trust Funds Application Forms

              AID-FI-F9 Application to Transfer Trust Funds

              AID-FI-F3 Agreement to Hold, Invest & Administer Prepaid Funeral Benefits Trust (a.k.a. Trust  Agreement)

  • Prepaid Recovery Program Claim Form

             AID-FI-PRA Prepaid Recovery Program Fund Application for Reimbursement

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