What amount needs to be placed into the Consumer Protection Trust Fund for each pre-need contract written for $1500 or less that uses alternative trust funding?

The correct choice indicates that for each pre-need contract that utilizes alternative trust funding and is valued at $1500 or less, the prescribed amount to be deposited into the Consumer Protection Trust Fund is $5.00. This contribution serves to safeguard consumers who enter into pre-need contracts, ensuring there is financial protection in place for future funeral services.

Understanding the purpose of the Consumer Protection Trust Fund is crucial; it is designed to provide a safety net for individuals who pre-purchase funeral services, thereby ensuring that their funds are secure and available when needed. The amount specified reflects a regulatory requirement aimed at maintaining the integrity and financial stability of the funeral service industry.

Each of the other options presents varying amounts that do not align with the regulatory standards set for alternative trust funding in the context of pre-need contracts for $1500 or less. The correct figure of $5.00 has been established through legislation aimed at consumer protection, highlighting the importance of complying with such regulations in the funeral service profession.