Texas Insurance Code

§ 888.101 — INSURANCE CERTIFICATES ISSUED BY BURIAL ASSOCIATION

IN § 888.101Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part E. MUTUAL AND FRATERNAL COMPANIES AND RELATED ENTITIES · Ch. 888. BURIAL ASSOCIATIONS · Art. C. INSURANCE CERTIFICATES; PAYMENT OF BENEFITS

Statute text

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(a)Except as provided by Subsection (c), an insurance certificate issued by a burial association must provide for the payment of the benefit in specified merchandise or burial services.

(b)The merchandise or services to be provided must be:

(1)stated in the insurance certificate; and

(2)approved by the department as being of the reasonable value stated on the face of the certificate.

(c)Subsections (a) and (b) do not apply if, at the time the insurance certificate is issued, the insured elects to have the benefit paid in cash.

(d)An election under this section must be stated in the insurance certificate.

Legislative history

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.