Tex. Fin. Code § 154.204 · Subchapter E. INSURANCE-FUNDED PREPAID FUNERAL BENEFITS
CONVERSION FROM TRUST-FUNDED PREPAID FUNERAL BENEFITS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The department must approve a conversion from trust-funded prepaid funeral benefits to insurance-funded prepaid funeral benefits as safeguarding the rights and interests of the individual who purchases the prepaid funeral benefits contract.
(b) Each contract holder shall be notified in writing of:
(1) the terms of the proposed conversion; and
(2) the holder's right to decline the conversion.
(c) An application for approval of a conversion from trust-funded prepaid funeral benefits to insurance-funded prepaid funeral benefits must be:
(1) filed with the department on forms prescribed by the department; and
(2) accompanied by a conversion application fee set by the department under Section 154.051.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
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 66b099be1291e62be5e671796f554e0b7b101aa87da90626a3638d5439e51555
- 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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