DIVISION OF FUNDS: CERTAIN LIFE INSURANCE CERTIFICATES WITH NO RATE INCREASE.

Tex. INS Code § 887.355.
in effect
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(a) This section applies to a life insurance certificate in force on December 31, 1965, on which the assessment rate has not been increased. (b) An association may: (1) deposit in a mortuary fund at least the net renewal premium, based on the reserve table adopted by the association; and (2) deposit in an expense fund the remaining portion of the premium. (c) This section does not apply to an association operating on an assessment-as-needed basis. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Source: TX Statutes (Official Site)URL: https://statutes.capitol.texas.gov/Fetched: 6/29/2026

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