{"data":{"id":"us-va/18vac47-20-210","jurisdiction":"us-va","citation":"18VAC47-20-210","heading":"Preneed trust fund and bonding requirements","body":"A. Each licensed cemetery company must establish a preneed trust fund and make deposits in accordance with § 54.1-2325 of the Code of Virginia.\n\nB. If the trustee for the preneed trust fund is not a Virginia trust company or trust subsidiary or a federally insured bank or savings institution doing business in the Commonwealth, the trustee must be approved by the board and must deposit a fidelity bond with the board in accordance with § 54.1-2326 of the Code of Virginia.\n\nC. Deposits into the fund must be made in accordance with § 54.1-2325 of the Code of Virginia.\n\nD. All funds must be handled in accordance with §§ 54.1-2329 through 54.1-2331 of the Code of Virginia.\n\nE. Each licensed cemetery company must submit a written financial report regarding preneed trust accounts to the board as prescribed by § 54.1-2333 of the Code of Virginia.\n\nF. Transfer of funds to another trustee must be done in accordance with § 54.1-2337 of the Code of Virginia.","path":["Title 18. Professional And Occupational Licensing","Agency 47. Cemetery Board","Chapter 20. Cemetery Board Rules and Regulations","Part IV. Standards of Practice and Conduct"],"source_url":"https://law.lis.virginia.gov/admincode/title18/agency47/chapter20/section210/","current_through":"2026 Regular Session (effective July 1, 2026)","vintage":"","retrieved_at":"2026-09-14T04:52:30Z","sha256":"b840ae578c6a53febdedfe2b583b0b2c09687855462b04fbf7b63ea634ce65f7","source_id":"us-va-vac","stale":false,"prev":"us-va/18vac47-20-200","next":"us-va/18vac47-20-220"},"notice":"GroundRules: Original legal text. Not legal advice."}