What can happen if an organization fails to file the necessary application for prepaid funeral benefits?

If an organization fails to file the necessary application for prepaid funeral benefits, it can ultimately be prohibited from operating legally. The requirement to file this application is part of the regulatory framework designed to protect consumers and ensure that prepaid funeral plans are administered properly. This application process serves as a safeguard, ensuring that the organization meets specific standards and complies with the laws governing prepaid funeral services. Without this compliance, the organization would be operating outside the legal parameters set by the state, which can lead to severe consequences, including loss of the ability to provide such services.

As a result, the organization must adhere to the filing requirements to maintain its authority to conduct business in the funeral industry.