69K-7.008, F.A.C.
69K-7.008. Preneed Trust Funds - Withdrawal of Income Earned Thereon
Cite as Fla. Admin. Code r. 69K-7.008
At the time of withdrawal a preneed licensee shall take reasonable steps to evaluate the income derived from that particular contract. A preneed licensee may not use any formula to make the evaluation if such formula is used as a guise to make unauthorized withdrawals or results in accelerated or excessive withdrawals above the amounts allowed by Chapter 497, F.S., and the rules promulgated thereto.