Funeral Service Management Federal Trade Commission (FTC) Practice Test

How long must the General Price List (GPL) be retained?

Five years At least one year after distribution Indefinitely One month

Correct Answer:

At least one year after distribution

Explanation:

The key idea is the retention period required for the General Price List under the FTC Funeral Rule. The rule requires that the GPL be kept for at least one year after it is distributed to consumers. This time frame ensures there is a verifiable record of the price information you provided and allows both the business and consumers to reference the disclosed prices for a reasonable period after quotes are given. It helps protect against disputes over what was disclosed and supports ongoing pricing transparency. Five years or keeping it indefinitely isn’t required by the rule, and retaining it for only one month wouldn’t provide enough time for customers or regulatory review.

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