62-5-404 - Registration requirement.
62-5-404. Registration requirement.
(a) No individual may offer or sell pre-need funeral contracts without first registering with the commissioner as a pre-need sales agent. No individual may sell, solicit or negotiate prearrangement insurance policies without first registering with the commissioner as a pre-need sales agent and obtaining an insurance producer license pursuant to title 56, chapter 6, part 1.
(b) No funeral establishment or other individual, firm, partnership, company, corporation, or association may offer or sell pre-need funeral contracts without first registering with the commissioner as a pre-need seller. A funeral establishment or other individual, firm, partnership, company, corporation, or association with more than one (1) physical location in this state shall obtain a separate registration for each physical location where it acts as a pre-need seller.
[Acts 2007, ch. 592, § 5.]