How much can an organization legally receive from one individual for a prepaid funeral benefits contract?

The correct answer is $20,000, which is the maximum amount that an organization can legally receive from one individual for a prepaid funeral benefits contract in Oklahoma. This limit is set to protect consumers and provide a reasonable cap on the financial commitment an individual is making at the time of purchasing a prepaid funeral plan.

The law aims to prevent excessive obligations that could influence a consumer's financial stability. Establishing a cap also encourages organizations to offer more competitive and fair pricing for these contracts. Prepaid funeral services are designed to ensure that individuals can fund their final arrangements ahead of time, but having a defined limit helps to maintain transparency and protect clients from potential financial abuse or exploitation.

In contrast, the other amounts provided in the options do not align with the legal restriction in Oklahoma. Each of these values exceeds or does not match the established limit, helping to reinforce the value of knowing state-specific regulations for funeral practices. Understanding these limits is crucial for consumers as they navigate the options available for planning their funerals and ensures compliance for organizations offering these services.