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Current as of January 01, 2024 | Updated by Findlaw Staff
(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.
(c) An approved claim or expense relating to a trust-funded contract may be paid only from the fund's trust-funded contract account. An approved claim or expense relating to an insurance-funded contract may be paid only from the fund's insurance-funded contract account.
Cite this article: FindLaw.com - Texas Finance Code - FIN § 154.358. Claims Against Fund - last updated January 01, 2024 | https://codes.findlaw.com/tx/finance-code/fin-sect-154-358/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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