• Every pre-need company shall annually determine its reserve requirement and contractual liabilities

• Every pre-need company shall submit to the Insurance Commission its Pre-need Reserve Valuation Report, Audited Financial Statements, and its Statement of Trust Fund

• The Insurance Commission is authorized to suspend or revoke all certificates of authority granted to such pre-need company

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• An actuary is a person who has been trained for calculating premiums, dividends, pensions reserves, employee benefits and risks

• An actuary may be held liable to the pre-need company

• An actuary may be disaccredited by the Insurance Commission

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• An annual pre-need reserve valuation report by the pre-need company shall be submitted to the Insurance Commission

• Any deficiency in the fund shall be covered by the pre-need company

• In case of an excess of the fund over the reserve liability, the excess shall be credited for future deposit requirements

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• To ensure the liquidity of the trust fund, all investments of the trust fund/s of a pre-need company shall be limited

• Investments in duly registered collective instrument instruments such as mutual funds are allowed

• Trust fund/s may be invested in fixed income instruments, equities and real estates

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