Tex. Ins. Code § 887.355 · Subchapter H. MORTUARY AND EXPENSE FUNDS
DIVISION OF FUNDS: CERTAIN LIFE INSURANCE CERTIFICATES WITH NO RATE INCREASE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) This section applies to a life insurance certificate in force on December 31, 1965, on which the assessment rate has not been increased.
(b) An association may:
(1) deposit in a mortuary fund at least the net renewal premium, based on the reserve table adopted by the association; and
(2) deposit in an expense fund the remaining portion of the premium.
(c) 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 38ee4e4ceeca1fddb67c955b3a69c2e91182ac15ddc8f17a486364c7c4b4b29f
- 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
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.