(a) Before the Board issues an initial funeral establishment license, the funeral establishment shall pay, in addition to all other applicable fees, a fee of $375 to be credited to the Fund.
(b) (1) Each funeral establishment shall pay $375 per year into the Fund, until the Fund has accumulated a balance of $1,000,000.
(2) If, after the Fund has accumulated a balance of $1,000,000, the amount in the Fund falls below $1,000,000, the Board shall assess each funeral establishment an additional fee in an amount that will, over a reasonable period, return the Fund to a level of at least $1,000,000.
(3) The Board may not issue a renewal funeral establishment license if the funeral establishment has not paid the fee required under this subsection.
Structure Maryland Statutes
Title 7 - Morticians and Funeral Directors
Subtitle 4A - Family Security Trust Fund
Section 7-4A-03 - Family Security Trust Fund
Section 7-4A-04 - Family Security Trust Fund Advisory Committee
Section 7-4A-05 - Payments by Funeral Establishment
Section 7-4A-06 - Claim for Loss
Section 7-4A-07 - Claim for Loss -- Form and Content
Section 7-4A-08 - Claim for Loss -- Procedure for Handling
Section 7-4A-09 - Claim for Loss -- Hearing
Section 7-4A-10 - Claim for Loss -- Disciplinary Action
Section 7-4A-11 - Claim for Loss -- Payment
Section 7-4A-12 - Claim for Loss -- Liability of Licensee
Section 7-4A-13 - Claim for Loss -- Liability of Licensee -- Suspension of License