{"data":{"id":"us-tx/tex.-insurance-code-887.354","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 887.354","heading":"DIVISION OF FUNDS: ACCIDENT AND HEALTH INSURANCE CERTIFICATES AND CERTAIN LIFE INSURANCE CERTIFICATES.","body":"(a) This section applies to:\n(1) a life insurance certificate in force on December 31, 1965, to which Section 887.353 does not apply; and\n(2) an accident, health, or hospitalization insurance certificate.\n(b) An association shall deposit in a mortuary fund an amount equal to at least 60 percent of the association's assessments, not including membership fees.\n(c) An association shall deposit in an expense fund:\n(1) membership fees; and\n(2) the remaining portion of the assessments not deposited under Subsection (b).\n(d) This section does not apply to an association operating on an assessment-as-needed basis.\nAdded by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.","path":["INSURANCE CODE","TITLE 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES","SUBTITLE E. MUTUAL AND FRATERNAL COMPANIES AND RELATED ENTITIES","CHAPTER 887. PROVISIONS APPLICABLE TO CERTAIN MUTUAL ASSESSMENT COMPANIES","SUBCHAPTER H. MORTUARY AND EXPENSE FUNDS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.887.htm#887.354","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"fc6b4c05dd9d203fa02f8d500253edc83d3b47ca89ac8839cd608941738535ef","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-887.353","next":"us-tx/tex.-insurance-code-887.355"},"notice":"GroundRules: Original legal text. Not legal advice."}