Details for the prepaid permit and endowment care

Use the Cemetery Seller Bond Template selected by the Division for the trust-funded prepaid permit. The published security is no less than $50,000 or the Commissioner's determined sum. An accepted cash or negotiable-securities deposit is an alternative maintained at the required market value; this page opens the bond application rather than arranging that deposit.

A cemetery seller sells the cemetery authority's burial merchandise and services. Its permit does not authorize prepaid funeral-home or mortuary sales, which belong to the separate funeral-seller program. Name the actual cemetery entity on the undertaking and coordinate the employee cemetery-agent licenses.

The Division separately describes endowment-care funds and annual financial reporting for cemetery authorities unless exempt. Maintain those obligations alongside the prepaid-sales permit. The seller bond is not a replacement endowment-care fund, and its stated sum does not establish how much must be entrusted for cemetery upkeep.

The published bond exception requires both that the seller offer only contracts payable solely from life-insurance proceeds and that it collect no money from the purchaser. Confirm the actual arrangement rather than assuming any insurance-funded sale removes security. A life policy remains a separate contract requiring a licensed producer.

The Division asks for a mailed, tabbed and referenced application packet and approval of prepaid contract forms before use. Its actual bond continues until Commissioner release or surety cancellation under the form and Nevada law, with written notice to the principal and Commissioner. Coordinate effective date, principal execution, surety seal and attorney-in-fact execution; the triennial license cycle does not set the bond period.