Texas Finance Code
§ 154.358 — CLAIMS AGAINST FUND
FI § 154.358Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part E. OTHER FINANCIAL BUSINESSES · Ch. 154. PREPAID FUNERAL SERVICES · Art. H. GUARANTY FUND
Statute text
View on source(a)The payment of a claim or expense from the fund is a matter of privilege and not of right, and a person does not have a vested right in the fund as a beneficiary or otherwise.
(b)A claim against the fund may be made by:
(1)a purchaser of a prepaid funeral benefits contract;
(2)a purchaser's estate;
(3)a permit holder or funeral provider who assumes or performs a contract; or
(4)a claimant for the benefit of a group of purchasers of prepaid funeral benefits contracts as part of a plan to arrange for another permit holder or funeral provider to assume the contract obligations.
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Legislative history
Acts 2011, 82nd Leg., R.S., Ch. 559 (H.B. 3004), Sec. 5, eff. June 17, 2011.