(a) No person, firm, partnership, association or corporation may, without first securing from the Commissioner a license, accept or hold payments made on preneed burial contracts, except insured institutions as defined in § 3401 of this title. Application for a license shall be in writing, signed by the applicant and duly verified on forms furnished by the Commissioner. Each application shall contain at least the following:
The full name and address (both residence and place of business) of the applicant and every member, officer and director thereof if the applicant is a firm, partnership, association or corporation. Any license issued pursuant to the application shall be valid only at the address stated in the application for the applicant or at a new address approved by the Commissioner.
(b) Upon receipt of the application and payment of a license fee of $25, the Commissioner shall issue a license, unless the Commissioner determines that the applicant has made false statements or representations in the application, or is insolvent, or has conducted or is about to conduct business in a fraudulent manner, or is not duly authorized to transact business in this State.
Structure Delaware Code
Chapter 34. PRENEED FUNERAL CONTRACTS
§ 3402. Preneed payments and increment as trust funds; disbursement of funds; exceptions.
§ 3403. Revocable trust accounts; refund to persons making payments.
§ 3404. Irrevocable trust accounts.
§ 3405. Trust funds; how kept and deposited.
§ 3406. License to accept preneed contract required; fees.
§ 3407. Records of licensee; requirements; inspection.
§ 3408. Periodic report requirements.
§ 3409. State Bank Commissioner to enforce law and establish rules and regulations.