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Tex. Finance Code § 154.204

CONVERSION FROM TRUST-FUNDED PREPAID FUNERAL BENEFITS

Texas · Texas Finance Code · Status: effective

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Tex. Finance Code § 154.204, CONVERSION FROM TRUST-FUNDED PREPAID FUNERAL BENEFITS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/646244
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(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.