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FPCOB 12.3 Obligations on providers

FPCOB 12.3.1R

1A funeral plan provider must ensure that its arrangements for another firm or an appointed representative to distribute funeral plan contracts:

  1. (1)

    prohibit that person from accepting payments payable to a funeral plan provider; or

  2. (2)

    prohibit such payments other than by cheque or 2in cash and:

    1. (a)

      are compatible with the requirements of FPCOB 12.2.1R; and

    2. (b)

      (for arrangements with a firm) make clear whether or not the firm is permitted to appoint appointed representatives to act as agent for the funeral plan provider in receiving contractual payment in cash2.