Summary (Cont.)
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After a trust-funded contract is converted to an insurance-funded contract the seller must apply 100% of his/her business

The purchaser of a prepaid funeral benefits contract may be given the option to irrevocably waive the purchaser's right to cancel the contract

W
hen a purchaser chooses to cancel a contract 6 months after its conversion from trust-funded to insurance-funded the amount due to the purchaser is equal to what would have been paid if no conversion had taken place