23 CAR § 331-103. Mortuary fund

(a)(1) At least seventy-five percent (75%) of the receipts of each association must be allocated to the mortuary fund, and, when so allocated can be used for no purpose other than to meet its losses. (2) The associations may invest any portion of such seventy-five percent (75%) of the collections not needed for the immediate payment of benefits, or not needed for the reasonable anticipated payment of benefits. (b) At least seventy-five percent (75%) of all interest derived from investments of burial association funds must be allocated to the mortuary fund and cannot be used for the payment of operating expenses.