For a preneed contract valued between $500 and $1500, what is the required fee to be paid to the board?

The required fee to be paid to the board for a preneed contract valued between $500 and $1500 is $5.00. This fee reflects the regulatory framework established by the Indiana State Board of Funeral and Cemetery Service, which sets fees for the registration and oversight of preneed contracts to ensure consumer protection and industry accountability. Properly assessing and regulating these contracts helps maintain standards within the funeral service profession and ensures that funds are managed appropriately for future services. Hence, knowing the fee structure is vital for compliance and professional practice within the state.