What is the requirement for all contract sellers or trustees regarding annual reporting?

The requirement for all contract sellers or trustees concerning annual reporting specifies that a report must be submitted by the time of execution. This means that when contracts are created for services related to funerals or related trusts, the sellers or trustees are required to provide a report at the time the contract is executed rather than waiting for any other timeline. This ensures that all parties involved are aware of the conditions and details of the contract right from the onset, enhancing transparency and accountability in the funeral service industry.

The emphasis on immediate reporting at the execution stage prevents potential misunderstandings or disputes in the future, as clients are informed about the particulars of their agreements right away.