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Tex. Insurance Code § 887.356

DIVISION OF FUNDS: ASSESSMENT-AS-NEEDED ASSOCIATIONS

Texas · Texas Insurance Code · Status: effective

Taxation
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Tex. Insurance Code § 887.356, DIVISION OF FUNDS: ASSESSMENT-AS-NEEDED ASSOCIATIONS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/680280
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(a) An association operating on an assessment-as-needed basis shall divide collected assessments into at least: (1) a mortuary fund; and (2) an expense fund. (b) An association under this section shall deposit into a mortuary fund an amount equal to at least 60 percent of the association's assessments, not including membership fees.