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Texas Insurance Code - INS § 887.154. Membership Records

Current as of January 01, 2024 | Updated by Findlaw Staff

An association shall keep:

(1) a complete and correct roster of the association's members, with proper statistical records for determining by age or some other method the proper cost of insurance;

(2) accurate records of classes of memberships; and

(3) records of amounts of assessments paid by each member and by each class that show:

(A) how the funds are distributed between mortuary and expense funds for each class; and

(B) the amounts paid out of the funds of the whole membership or each class in death claims or other benefits.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 887.154. Membership Records - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-887-154/

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