What is the significance of the "Funeral Rule"?

The significance of the "Funeral Rule" lies in its requirement for funeral providers to disclose prices and services to consumers. Established by the Federal Trade Commission (FTC), this rule aims to promote transparency in the funeral industry and empower consumers to make informed decisions regarding funeral arrangements. By requiring funeral homes to provide a comprehensive price list and details about their services, the Funeral Rule helps prevent deceptive practices and ensures that clients can compare options and understand their rights. This regulation is a critical consumer protection measure, fostering competition and enabling individuals to choose services that fit their needs and budgets.

The other choices do not accurately reflect the core essence of the Funeral Rule, which focuses explicitly on the responsibilities of funeral providers in relation to price disclosure and service transparency.