Tex. Ins. Code § 887.354 · Subchapter H. MORTUARY AND EXPENSE FUNDS
DIVISION OF FUNDS: ACCIDENT AND HEALTH INSURANCE CERTIFICATES AND CERTAIN LIFE INSURANCE CERTIFICATES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) This section applies to:
(1) a life insurance certificate in force on December 31, 1965, to which Section 887.353 does not apply; and
(2) an accident, health, or hospitalization insurance certificate.
(b) An association shall deposit in a mortuary fund an amount equal to at least 60 percent of the association's assessments, not including membership fees.
(c) An association shall deposit in an expense fund:
(1) membership fees; and
(2) the remaining portion of the assessments not deposited under Subsection (b).
(d) This section does not apply to an association operating on an assessment-as-needed basis.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.887.htm
- Text hash
- sha256 ad9160c08065c186faeecd668699e57aeecd24bc568d096ed1fba7665ca328cf
- 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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