Preneed Funeral Bond

Losing a loved one is a devastating time for all concerned. There is a never ending list to complete prior to saying that final goodbye and laying a deceased relative to rest, including arranging a funeral. The last thing any relative needs is hassle regarding any of the funeral arrangements, many of which are requested by the deceased prior to death. Finding a reputable, professional and law-abiding funeral home can be a draining and daunting process for many families.

 

A preneed funeral bond can be defined as a bond, which is put in place in order to assist in protecting clients of funeral homes. It assists clients should the funeral home fail to meet agreements put in place with regards to funerals as well as burials. A preneed funeral bond is required by all funeral homes.

 

Prior to the purchasing of a preneed funeral bond, all funeral homes are required by law to submit an updated credit check on themselves. Once the application has been approved and several other screening processes have been completed, then the funeral home can purchase a preneed funeral bond from a credited agency. The bond ensures a funeral homes compliance with all legal requirements and regulations applicable to them.

 

The bond is in place to guarantee that a full compensation agreement is applicable should any specific funeral arrangements are not followed by a chosen funeral home. The preneed funeral bond also protects customers in the event that any finances are mishandled by the funeral home.

 

 


Application for


Current or expiring quote we are looking to beat:


Name of previous surety company writing to the bond:


Section I: Bond Applied for

Type of Bond

Effective Date

Expiration Date


Type of Company

CORP

LLC

DBA

Partnership

Bond Amount


(Obligee)


Obligee Address


Section II: General Information

Applicant's Name

Spouse Name


SS#

Spouse SS#

Home Phone


Residence Address

City

State

Zip


Status of Residency

Own

Rent

At Current Address Since


Date of Birth

Spouse Date of Birth

Business License Number


Business Name


Business Phone

Business Fax

Business Email


Business Address

City

State

Zip


Date Business BEGAN Under Present Individual or Firm Name

Business Tax ID


Has any company refused to issue bonds for any purpose?

Yes

No

Do you have any liens, claims or judgements against you?

Yes

No


Has applicant ever failed in business?

Yes

No

Has applicant filed bankruptcy in the last 10 years?

Yes

No


If yes, Chapter 7?

Yes

No

Chapter 11?

Yes

No

Chapter 13?

Yes

No


Date Filed for Bankruptcy?


Date of Discharge?


If yes to any, please explain:


Section III: Additional Parties

Name

Spouse Name


SS#

Spouse SS#

Home Phone


Home Address

City

State

Zip


Personal Financials

(if more than one owner, each has to fill out this app)

Statement of assets and liabilities as of


Assets Liabilities
Cash in Bank Notes Payable to Banks
Cash on Hand Notes to Others(excl. of equipment)
Stocks and Bonds Accounts Payable
Accounts Receivable Federal and State Income Tax Due
Notes Receivable All Other Taxes
Inventory Accruals, Payrolls, Etc.
Cash Value Life Insurance    
Equipment Due on Equipment
Real Estate Due on Real Estate
Other Assets Other Liabilities
    Surplus and Undivided Profits
    Capital Stock(if a corporation)
       
Total Assets Total Liabilities

Net Worth


Name of Owners

Name and Title of Officers

% of Ownership


Are you an insurance agent?

Yes

No

Agent License #

Agent State

Completion of this form constitutes permission for Cal Society Insurance Services to obtain customer information which will be used to determine bonding eligibility. This information will be held in the strictest confidence.