Tex. Fin. Code § 154.053 · Subchapter B. POWERS AND DUTIES OF DEPARTMENT
RECORDS; EXAMINATION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A permit holder that has outstanding contracts for prepaid funeral benefits shall maintain records as required by rule of the commission.
(b) The department shall examine the records of each permit holder at least once every 18-month period, except that the department may examine a permit holder more frequently if:
(1) the permit holder:
(A) has received a uniform risk rating, under standards adopted by rule of the commission, that is less than satisfactory as a result of the permit holder's most recent examination; or
(B) is subject to a formal enforcement proceeding or order by the commissioner; or
(2) the commissioner determines in the exercise of discretion that additional examination is necessary to safeguard the interests of purchasers and beneficiaries and to efficiently enforce applicable law.
(c) The department may defer an examination under this section for not more than six months if the commissioner determines that deferment of the examination is necessary for the efficient enforcement of applicable law.
(d) Any record may be maintained and provided for examination in electronic format if the record is reliable and can be retrieved in a timely manner.
(e) The department, in consultation with the advisory committee established under Section 154.208, shall develop an examination manual that includes procedures intended to reduce the expense of examinations under this section to the department and the permit holders.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Amended by:
Acts 2009, 81st Leg., R.S., Ch. 1190 (H.B. 3762), Sec. 3, eff. June 1, 2010.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.154.htm
- Text hash
- sha256 abc480dd4891158d3e7087605c9a43419a2d8d7dba94c6695c2ee4ca22b041dc
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
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