The application must be mailed to the Division and must be tabbed and referenced as indicated in the application packet.

 

Description:

A cemetery seller is a cemetery authority that is licensed to offer, sell or solicit the purchase of burial and cemetery merchandise and services through a prepaid contract. Only entities licensed with the Nevada State Funeral Board may become licensed Cemetery Sellers. Individual employees who sell cemetery goods and services on behalf of the cemetery seller must be licensed as Cemetery Agents.

A cemetery seller can offer prepaid contracts that are paid for by the purchaser up front and the funds are deposited into a trust account, or prepaid contracts that are payable solely by the proceeds of a life insurance policy. However, a life insurance policy is a separate contract and can only be sold by a licensed Producer.

This license does not permit the offer or sale of goods and services provided by a funeral home/mortuary through a prepaid contract. For information on selling funeral merchandise and services through prepaid contracts, see the Funeral Seller licensing page.

 

Application Checklist:

Cemetery Seller Checklist

 

Forms:

Cemetery Seller Bond Template

Employment Verification Form for Agents

 

Contract Approval:

All prepaid contracts must be approved by the Division of Insurance as part of the application process and prior to use.

 

Bond:

Cemetery sellers offering prepaid contracts that are payable through funds held in a trust account must maintain a bond payable to the State of Nevada of no less than $50,000 (or an amount determined by the Commissioner) or must maintain a deposit of cash or negotiable securities or a combination of cash and negotiable securities. If a deposit is made in lieu of a bond, the deposit must at all times have a market value of no less than $50,000 (or an amount determined by the Commissioner).

Cemetery sellers that require a bond must use the Cemetery Seller Bond Template Cemetery Seller Bond Template.

A bond is not required for cemetery sellers that only offer prepaid contracts that are payable solely from the proceeds of a life insurance policy and that do not collect any money from the purchaser of a prepaid contract.

 

License Renewal:

Renew online at https://www.sircon.com/nevada. Triennial renewal fee $185.00 - due the last day of the month which is 3 years after the month in which the license was issued. Late renewals are accepted within a 30-days grace period after expiration with an additional $62.50 late fee. No reinstatements after the grace period; an application for a new license is required.

Missing the renewal date will result in a lapse of licensure.

 

Reporting Requirements:

Notification of changes for, officers, directors, and owners - due within 30 days of the appointment. Notification of changes in contact information-due within 30 days.

*Trustees handling a trust fund related to funeral services must submit quarterly financial statements to the Commissioner showing the activity of all trusts required to be maintained by any seller and the total market value of each trust as of the first day of the calendar quarter. For a detailed list of what must be included in the annual report, please see NRS 689.565.

 

Records Retention:

Cemetery sellers must keep a complete record of all prepaid contract transactions for five (5 ) years after the close of the transaction and are subject to audit and examination by the Commissioner at any reasonable time.

 

Quarterly Financial Statements of Trust Accounts:

Trustees handling a trust fund related to cemetery services must submit quarterly financial statements to the Commissioner within 15 days after the first day of each calendar quarter. The report must show the activity of all trusts required to be maintained by any cemetery seller and the total market value of each trust as of the first day of the calendar quarter. The report must be accompanied by a $10 filing fee, payable to the Nevada Division of Insurance.

The report and $10 check can be mailed to:

Nevada Division of Insurance
1818 E. College Pkwy., Ste. 103
Carson City, Nevada 89706

For additional details on quarterly reports, please see NRS 689.325.

 

Endowment Care Cemeteries:

Unless exempted, cemetery authorities are required to establish an endowment care fund and submit to the Commissioner an annual financial statement of the condition of the fund, accompanied by a $10 filing fee, to the address above. The Commissioner may examine the books, records, documents and assets of any endowment care cemetery in Nevada to ensure compliance with all endowment requirements. See NRS 452.030 - 453.180 or contact Duane Jennar at dfjenner@doi.nv.gov for additional details.

 

Resources:

Print a license:
https://www.sircon.com/nevada

Commonly used licensing forms:
https://doi.nv.gov/Licensing/Commonly_Used_Licensing_Forms/

Nevada State Board of Funeral & Cemetery Services
https://funeral.nv.gov/

Contract Approval
FuneralAndBurial@doi.nv.gov

Examinations
Financial.Regulation@doi.nv.gov

NRS 689 Funeral and Burial Services
https://www.leg.state.nv.us/Division/Legal/LawLibrary/NRS/NRS-689.html

Bulletins
https://doi.nv.gov/News-Notices/Bulletins/

 

Questions:

Please contact the Division at Nevada.Licensing@doi.nv.gov or call 775-687-0700 option 2, then option 2 again.