§ 2-481. Financial stability.

(a)

Each applicant shall demonstrate the financial stability of the cemetery or burial goods business with which the applicant is affiliated by providing the Director with a financial statement with the application for registration.

(b)

If the applicant is an existing business, the financial statement shall:

(1)

Be on the form that the Director requires;

(2)

Contain a statement by a certified public accountant employed by the applicant, detailing the assets and liabilities of the cemetery or burial goods business for the last fiscal year; and

(3)

Contain an opinion by the certified public accountant as to the financial stability of the cemetery or burial goods business.

(c)

If the applicant is a new business, the financial statement shall:

(1)

Be on a form that the Director requires; and

(2)

Satisfy criteria that the Director adopts to determine the financial stability of applicants that are new businesses or existing businesses.

(CB-98-2000)