Under what circumstances can all funds plus accruals be withdrawn from a prearrangement contract?

The scenario in which all funds plus accruals can be withdrawn from a prearrangement contract involves the funeral home's ability to file a verified statement indicating that the contract was canceled. This means that the agreement between the client and the funeral home is no longer in effect, allowing the funeral home to access the funds that were previously allocated for the contracted services.

This provision is vital for ensuring that if a prearrangement contract is canceled, the funds can be released back to the funeral home rather than remaining in limbo. It helps maintain clear financial records and allows the funeral home to manage its resources effectively. The requirement of a verified statement ensures that there is a formal process in place, providing a safeguard against misunderstandings regarding the status of the contract.

In this context, other options do not align with the specific circumstances under which funds can be withdrawn. For instance, a beneficiary's death before the service does not constitute a cancellation and wouldn't automatically warrant the release of funds. Similarly, insufficient payment or a change in ownership does not inherently allow for the withdrawal of the full amounts and accruals from the contract. Each of these scenarios typically has different regulatory responses and considerations that do not include the straightforward access to funds upon cancellation of the contract.