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Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Finance Code § 154.3525: ASSESSMENT ON INSURANCE-FUNDED CONTRACTS.

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Where this section sits in the code
  1. FINANCE CODE
  2. TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES
  3. SUBTITLE E. OTHER FINANCIAL BUSINESSES
  4. CHAPTER 154. PREPAID FUNERAL SERVICES
  5. SUBCHAPTER H. GUARANTY FUND

(a) The department shall assess and collect from a seller not more than $1 for each insurance-funded contract sold during each calendar year and shall deposit the assessments in the insurance-funded contract account within the fund.

(b) The department shall stop assessing the amounts required by Subsection (a) when the amount in the insurance-funded contract account reaches $1 million.

Added by Acts 2009, 81st Leg., R.S., Ch. 1190 (H.B. 3762), Sec. 24, eff. September 1, 2009.

Collected 2026-08-27T01:47:13Z. Source file · JSON

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