Application to Transfer Preneed Funds - Oklahoma

Application to Transfer Preneed Funds is a legal document that was released by the Oklahoma Insurance Department - a government authority operating within Oklahoma.

FAQ

Q: What is an application to transfer preneed funds?
A: An application to transfer preneed funds is a request to move funds set aside for prepaid funeral expenses from one preneed provider to another in the state of Oklahoma.

Q: Who can submit an application to transfer preneed funds?
A: The person who purchased the preneed funeral services or their legal representative can submit the application to transfer preneed funds.

Q: Why would someone want to transfer their preneed funds?
A: There are several reasons why someone may want to transfer their preneed funds, including a change in their chosen funeral provider or a desire for better services or pricing.

Q: What information is needed to complete the application?
A: The application requires information such as the original preneed contract details, the names of the current and proposed funeral providers, and any applicable fees.

Q: Is there a deadline for submitting the application?
A: Yes, there is a deadline for submitting the application to transfer preneed funds. It must be filed within 30 days after the agreement for transfer is made.

Q: Are there any fees associated with transferring preneed funds?
A: Yes, there may be fees associated with transferring preneed funds. These fees vary depending on the new preneed provider and are outlined in the application.

Q: How long does it take for the transfer to be processed?
A: The processing time for a transfer of preneed funds can vary. It typically takes a few weeks to process the application and complete the transfer.

Q: Can I cancel the transfer after submitting the application?
A: Yes, you can cancel the transfer after submitting the application. However, it is important to check the terms and conditions of the original preneed contract and any cancellation policies.

Q: Who should I contact if I have questions about the application process?
A: For questions about the application process or transferring preneed funds, you can contact the Oklahoma Insurance Department or consult with a legal professional.