Statement From FDSC President Mark Kuhn

April 21, 2011
Advertisement

Statement from Marl, Kuhn, President of the Funeral Directors Service Corporation, regarding the California Attorney General lawsuit filed April 18:

“The Attorney General is using a flawed state audit report launch a lawsuit that appears strongly motivated by grandstanding.

The California Master Trust (CMT) fund remains absolutely committed to fulfilling all the needs of 27,000 participants purchasing funeral pre-need plans and has honored all of its commitments to consumers. The fund is solvent at approximately $63 million with sufficient excess to ensure all future obligations are met.

Advertisement

The CMT is in compliance with all laws and regulations that govern the CMT, which was actually formed in consultation with the California Department of Consumer Affairs in 1985. The accounting practices employed by the CMT have been reviewed and judged appropriate by no less than five different accounting finns over the years, with annual financial reports submitted to the state since the

CMT’S creation.

We are dismayed by the filing of this action, especially because the Attorney General has based her lawsuit on the state audit report that we are currently challenging in court as factually and legally inaccurate. We had been working in good faith with state officials to address the findings raised in their audit; but last November, we sought the court’s assistance to seek a timely resolution of outstanding disputes. Now, this legal action filed by the Attol’lley General mischaracterizes an entire industry and irresponsibly jeopardizes hundreds of small California businesses. Further, the lawsuit will unnecessarily alarm those consumers who have already purchased, or may purchase, pre-need plans.”

CDFuneralNews

CDFuneralNews

ConnectingDirectors.com is the leading online daily publication for funeral professionals with a reader base of over 45,000 of the most elite and forward-thinking professionals in the profession. With ConnectingDirectors.com we have created a global community through an online platform allowing funeral professionals to Stay Current. Stay Informed and Stay Elite.
CDFuneralNews
Advertisement

You may be interested

Here’s What We Can Learn From Fans Scattering Ashes at the Super Bowl
Cremation
478 views
Cremation
478 views

Here’s What We Can Learn From Fans Scattering Ashes at the Super Bowl

Justin Crowe - February 18, 2018

During last week's celebration festivities for the Philadelphia Eagles' Super Bowl win, we noticed a trend emerging on social media.…

Cremation Innovations Summit to be Held in Las Vegas
Funeral Industry Press Releases
163 views
Funeral Industry Press Releases
163 views

Cremation Innovations Summit to be Held in Las Vegas

CDFuneralNews - February 18, 2018

WALL, N.J. – Today, more people are getting cremated than buried, and “traditional” doesn’t mean anything when it comes to…

FrontRunner Professional Chosen as a Preferred Partner by Selected Independent Funeral Homes
Funeral Industry Press Releases
113 views
Funeral Industry Press Releases
113 views

FrontRunner Professional Chosen as a Preferred Partner by Selected Independent Funeral Homes

CDFuneralNews - February 18, 2018

FrontRunner Professional announced today that they have been chosen as a Preferred Partner for technology and marketing solutions by Selected…

Comments