Who ensures proper handling of pre-need funds?

• A. Purchaser
• B. Insurance carrier
• C. Operator accountant
• D. Board Inspectors

Answer: (D)

Proper handling of pre-need funds is ensured through regulatory oversight by the licensing board that governs funeral service providers. These boards set rules on how funds must be deposited into trusts or escrow, kept separate, and reported, and they perform audits and inspections to enforce fiduciary responsibilities. This oversight protects consumers and ensures funds are available for the promised services. Purchasers, insurers, and internal accountants play important roles in their respective areas, but the authority to enforce proper fund handling rests with board inspectors.