{"data":{"id":"us-tx/tex.-finance-code-154.204","jurisdiction":"us-tx","citation":"Tex. Finance Code § 154.204","heading":"CONVERSION FROM TRUST-FUNDED PREPAID FUNERAL BENEFITS.","body":"(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.\n(b) Each contract holder shall be notified in writing of:\n(1) the terms of the proposed conversion; and\n(2) the holder's right to decline the conversion.\n(c) An application for approval of a conversion from trust-funded prepaid funeral benefits to insurance-funded prepaid funeral benefits must be:\n(1) filed with the department on forms prescribed by the department; and\n(2) accompanied by a conversion application fee set by the department under Section 154.051.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE E. OTHER FINANCIAL BUSINESSES","CHAPTER 154. PREPAID FUNERAL SERVICES","SUBCHAPTER E. INSURANCE-FUNDED PREPAID FUNERAL BENEFITS"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.154.htm#154.204","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"86311abb974e73c46d92d16602349d57ccf58ec39d51c4c46ef6f813e6721758","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-154.203","next":"us-tx/tex.-finance-code-154.205"},"notice":"GroundRules: Original legal text. Not legal advice."}