What document must accompany the application for a Certificate of Authority concerning financial arrangements?

The requirement for an endowment care trust agreement to accompany the application for a Certificate of Authority is important because it establishes a formal mechanism for ensuring that funds are set aside for the ongoing care and maintenance of cemetery properties. This agreement typically outlines how funds will be managed, the obligations of the cemetery operator, and how the interests of the trust will be safeguarded for the benefit of future cemetery visitors.

Having this agreement is crucial in demonstrating the cemetery's commitment to sustainable financial practices and providing assurance to regulatory bodies that there are sufficient financial resources specifically allocated for endowment care. A properly structured endowment care trust is essential not only to comply with legal obligations but also to foster trust with the community and ensure that the cemetery can continue to provide services in the long term.

While financial statements, evidence of funds availability, and insurance policy documents are also vital parts of the overall financial picture for a cemetery, they do not specifically address the trust obligations necessary for the care of the site as directly as an endowment care trust agreement does.