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Current as of January 01, 2024 | Updated by Findlaw Staff
(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.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 888.101. Insurance Certificates Issued by Burial Association - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-888-101/
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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