The licenses required to sell or service preneed in Missouri must be renewed annually, with the deadline for filing the required paperwork falling on October 31st. Technically, these licenses expire on Halloween unless the State Board staff has renewed them by that date. But, it is human nature to procrastinate, and many licensees wait until
Missouri - SB1
New Missouri Regulations: will this ever stop?
By Bill Stalter on
Posted in Legislation, Missouri - SB1
Earlier this week, the Missouri State Board of Embalmers and Funeral Directors posted their agenda for the September 27-29th meetings, which includes 65 pages of regulation proposals or revisions. The Board has probably heard the same complaint that we have: what the industry needs is less regulation, not more. However, regulations can serve a…
Missouri’s desk audit: the first look will take the longest
By Bill Stalter on
As discussed in prior posts, the Missouri preneed audit process begins with a notice to the preneed seller for the production of documents and data. After a review is made of the documents, data and the annual reports filed with the State Board, an on-site examination is scheduled with the seller. Most Missouri preneed sellers…
Missouri and the Discipline Post
By Bill Stalter on
Posted in Missouri - SB1
A few weeks ago, we wrote on the approach being taken by regulators of posting discipline proceedings on their website. The purpose of the posting is to inform consumers of such issues so that they can make additional inquiries. The concept is now a reality for the Missouri State Board of Embalmers and Funeral Directors.
Missouri’s Document Production Request
By Bill Stalter on
The examination of a Missouri preneed seller begins with a request that certain documents be submitted to the State Board within 3 weeks. The purpose for the document production is to allow the examiner to perform a desk audit of the seller’s operable documents before an on-site visit is made. From those documents the examiner…
Missouri’s Examination: an idea of what to expect
By Bill Stalter on
The new era of preneed exams and audits got off to a slow start in Missouri, but now there are indications the process is picking up speed. The first notices of preneed financial examinations went out to sellers last January, and some are now going through on-site examinations. A second wave of examination notices has gone out, and the State Board has begun preparations for…
Continuing the search for preneed exams
By Bill Stalter on
The Missouri State Board of Embalmers and Funeral Directors staff has some new faces, and in contrast to most rookies, these newcomers are playing pivotal roles in developing examination procedures for the state’s preneed funeral sellers. The Division of Professional Registration chose personnel with prior auditing experience, but as these ‘rookies’ are learning, there is…
Missouri’s 2012 Preneed Patch: But is the MO436-09 System Working?
By Bill Stalter on
Missouri’s preneed regulator, the State Board of Embalmers and Funeral Directors, will meet June 2nd to continue its discussion of agenda for the upcoming legislative session. Due to the lead time required to formulate legislation, the State Board is forced to begin discussions before its 2011 legislative agenda (SB325) even becomes law on…
SB340: Missouri’s 2011 Preneed Patch
By Bill Stalter on
Continuing the theme that effective preneed regulation requires the occasional update, the Missouri legislature is poised to pass the first ‘patch’ to SB1, the 2009 legislation that ‘re-wrote’ Chapter 436. Senate Bill No. 340 will make four noteworthy changes to Chapter 436.
Concerned that preneed sellers would use variable annuities to fund preneed contracts, Missouri’s…
Cemetery Marker Sales and the “Deferred Delivery Expense”
By Bill Stalter on
We don’t like to be reminded of our mortality. Cemetery operators face this issue with many marker and monument sales. An illness may lead a husband and wife to begin making plans, which often includes the purchase of a grave space and a marker. But, it is difficult for many individuals to view a marker…