What is the difference between a 'quote' and a 'price' under the Rule?

What is the difference between a 'quote' and a 'price' under the Rule?

• A. A quote is an estimate; the price reflects the current official price list (GPL/CPL/OBP).
• B. A quote is the current official price list; the price is an estimate.
• C. A quote and a price are the same.
• D. A quote is the final price; the price is a range.

Answer: (B)

Under the Funeral Rule, a quote is a written estimate for the total cost of a funeral arrangement based on the specific goods and services you select, while the price comes from the provider’s official, posted price lists (the GPL and related price lists). The quote translates your chosen items into a projected total and can change if you alter selections. The price, by contrast, is the standard amount shown on the official price lists and reflects the base charges the business publishes for goods and services. In short, the quote is an estimate for your particular plan, and the price is the current official list price for items and services.

Under the Funeral Rule, a quote is a written estimate for the total cost of a funeral arrangement based on the specific goods and services you select, while the price comes from the provider’s official, posted price lists (the GPL and related price lists). The quote translates your chosen items into a projected total and can change if you alter selections. The price, by contrast, is the standard amount shown on the official price lists and reflects the base charges the business publishes for goods and services. In short, the quote is an estimate for your particular plan, and the price is the current official list price for items and services.