Texas Finance Code

§ 154.355 — ADVISORY COUNCIL

FI § 154.355Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part E. OTHER FINANCIAL BUSINESSES · Ch. 154. PREPAID FUNERAL SERVICES · Art. H. GUARANTY FUND

Statute text

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(a)An advisory council composed of the following individuals shall supervise the operation and maintenance of the fund:

(1)the commissioner or the commissioner's representative;

(2)two representatives of the prepaid funeral industry appointed by the commission, one of whom represents trust-funded prepaid funeral benefits contract sellers and one of whom represents insurance-funded prepaid funeral benefits contract sellers; and

(3)one consumer representative appointed by the commission.

(b)The prepaid funeral industry and consumer representatives serve two-year terms and may not serve more than four terms.

(c)The commissioner shall render a final decision if there is a tie vote by members of the advisory council.

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Legislative history

Acts 2009, 81st Leg., R.S., Ch. 1190 (H.B. 3762), Sec. 25, eff. September 1, 2009. Acts 2011, 82nd Leg., R.S., Ch. 559 (H.B. 3004), Sec. 3, eff. June 17, 2011.