Within how many days must funds from a canceled preneed funeral contract be returned?

The correct choice specifies that funds from a canceled preneed funeral contract must be returned within 30 days. This timeframe is established to ensure that consumers have prompt access to their funds in the event they change their minds about their preneed arrangements. The 30-day requirement serves to protect consumers and provides a reasonable period for the funeral service provider to process the cancellation and return of funds.

In the context of preneed contracts, timely refunds are crucial because they allow individuals to manage their financial planning and make alternate arrangements without excessive delays. Ensuring that the process is efficient reinforces trust in the funeral service industry and complies with regulations set out by the state board, which mandates prompt and transparent handling of such contracts.