Who is responsible for remitting payments to the trustee upon receipt?

The seller is responsible for remitting payments to the trustee upon receipt because they are the party that has the contractual obligation to handle the funds involved in a transaction, particularly in contexts such as pre-need funeral arrangements. When a consumer purchases such services, the seller collects payment and is required to forward that payment to the trustee to ensure that the funds are set aside properly for future services. This is a standard practice designed to protect consumers, ensuring that their prepaid funds are secured and managed according to regulatory requirements and contracts established at the time of the sale.

The role of the seller includes not only collecting the payment but also ensuring compliance with state laws regarding the handling of trust accounts for pre-need contracts. In contrast, other parties listed, such as the purchaser, state board, or insurance company, do not have the same responsibility regarding the management and remittance of payments related to the trust. The purchaser pays for the services but isn't obligated to manage the funds after payment. The state board oversees compliance but is not involved in the transaction directly, and insurance companies typically provide funding vehicles but do not handle the trustee payments directly.