{"data":{"id":"us-tx/tex.-insurance-code-887.356","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 887.356","heading":"DIVISION OF FUNDS: ASSESSMENT-AS-NEEDED ASSOCIATIONS.","body":"(a) An association operating on an assessment-as-needed basis shall divide collected assessments into at least:\n(1) a mortuary fund; and\n(2) an expense fund.\n(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.\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#887.356","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"35cfd31caa078e2a1c8ae72e7f666f6b10581befa63fd10768123ac53462fb1c","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-887.355","next":"us-tx/tex.-insurance-code-887.357"},"notice":"GroundRules: Original legal text. Not legal advice."}