2005 Idaho Code - 54-1133 — FORM AND CONTENT OF CONTRACT -- PRICE DISCLOSURE

                                  TITLE  54
                    PROFESSIONS, VOCATIONS, AND BUSINESSES
                                  CHAPTER 11
                        MORTICIANS, FUNERAL DIRECTORS
                                AND EMBALMERS
    54-1133.  FORM AND CONTENT OF CONTRACT -- PRICE DISCLOSURE. A. Each
contract shall be written in clear understandable language and shall be
printed or typed in easy-to-read type, size, and style.
    B.  Each contract shall identify the seller, seller's certificate of
authority number, purchaser, and the beneficiary if other than the purchaser.
    C.  Each contract shall specify the services and/or merchandise to be
provided, as well as a statement of the law regarding substitution as provided
in section 54-1137, Idaho Code.
    D.  Each contract shall set forth the purchase price and the terms under
which it is to be paid.
    E.  Each contract shall conform to other state or federal regulations,
including price disclosure. It is the contract seller's duty to comply with
such regulations.
    F.  Each contract shall state clearly whether it is a guaranteed price
contract or a nonguaranteed price contract.
    G.  Each contract shall state clearly whether it is a revocable or
nonrevocable trust.
    H.  Each contract shall state the amount of money to be placed in trust
and the name of the trustee, but the contract may provide that the seller may
designate a new trustee to obtain higher interest earnings on the trust funds.
    I.  Each contract shall explain the disposition of the interest and
include a statement of the fees, expenses and taxes which may be deducted from
the interest pursuant to section 54-1134, Idaho Code, and a statement of the
purchaser's responsibility for taxes owed on the interest.
    J.  Each contract shall explain the purchaser's cancellation rights
pursuant to section 54-1135, Idaho Code.