Prepaid Service Plan Qualifying Bond is a legal document that was released by the Kansas Insurance Department - a government authority operating within Kansas.
Q: What is a Prepaid Service Plan Qualifying Bond?
A: A Prepaid Service Plan Qualifying Bond is a type of bond required by the State of Kansas for entities offering prepaid service plans.
Q: What is a prepaid service plan?
A: A prepaid service plan is an arrangement where a consumer pays in advance for future funeral or cemetery services.
Q: Who needs a Prepaid Service Plan Qualifying Bond?
A: Entities offering prepaid service plans in the State of Kansas need to have a Prepaid Service Plan Qualifying Bond.
Q: Why is a bond required for prepaid service plans?
A: The bond helps protect consumers by ensuring that the prepaid funds are used as intended and that the services will be provided in the future.
Q: How much is the bond amount for a Prepaid Service Plan Qualifying Bond in Kansas?
A: The bond amount required in Kansas is currently $100,000.
Q: Who regulates the prepaid service plan industry in Kansas?
A: The Kansas Insurance Department regulates the prepaid service plan industry in the state.
Form Details:
Download a printable version of the form by clicking the link below or browse more documents and templates provided by the Kansas Insurance Department.