If you are engaged in preselling burial vaults or markers for installation in an Oregon endowment-care cemetery, you are required under section 97.929(1)(c)(C)(i) of the Oregon Revised Statutes to file an Oregon Endowment Care Cemetery Bond as a condition of licensure.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Oregon Endowment Care Cemetery Bond holds you accountable for your business decisions.
By possessing an Oregon Endowment Care Cemetery Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.