How many disclosures and notices are required on a preneed contract?

In Ohio, a preneed funeral contract must include specific disclosures to ensure that consumers are well-informed about the terms, conditions, and obligations associated with their contract. The requirement for seven disclosures is designed to promote transparency and protect consumers.

These disclosures typically cover critical areas such as the total cost of the services and merchandise, the implications of prepayment, the refund policies if the services are not used, and how the funds are managed and invested. Furthermore, the disclosures must ensure that patrons understand their rights under the contract, including any relevant laws that pertain to preneed agreements.

This robust set of disclosures aims to enhance consumer confidence and accountability within the funeral service industry, ensuring that individuals can make informed decisions regarding their arrangements without facing unexpected surprises down the line.