{"data":{"id":"us-tx/tex.-insurance-code-887.355","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 887.355","heading":"DIVISION OF FUNDS: CERTAIN LIFE INSURANCE CERTIFICATES WITH NO RATE INCREASE.","body":"(a) This section applies to a life insurance certificate in force on December 31, 1965, on which the assessment rate has not been increased.\n(b) An association may:\n(1) deposit in a mortuary fund at least the net renewal premium, based on the reserve table adopted by the association; and\n(2) deposit in an expense fund the remaining portion of the premium.\n(c) 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#887.355","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"aad868bbc831fa1dd6c7ed9feeaeef9a3349e6ba22425676aa66c543cefb26e8","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-887.354","next":"us-tx/tex.-insurance-code-887.356"},"notice":"GroundRules: Original legal text. Not legal advice."}