Tennessee Funeral Service Laws Rules & Regulations (LRR) Practice Exam 2026 – The All-In-One Guide to Exam Success!

The correct answer indicates that all contract sellers or trustees must submit their annual report at the time of execution. This requirement emphasizes the importance of transparency and accountability in the funeral service industry. By mandating that reports be submitted concurrently with the execution of the contract, it ensures that all relevant information regarding the services, deposits, and financial management is immediately accessible. This process helps protect consumers and maintains regulatory standards within the funeral service profession.

In contrast, if the reports were required within one month of execution, every six months, or by the end of the fiscal year, it could lead to delays that might affect oversight and monitoring of financial practices. Immediate submission at the time of execution allows regulatory bodies to maintain closer oversight and ensures that consumers are receiving the services they have contracted for without undue delay in reporting practices.