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Texas Insurance Code - INS § 888.102. Payment Instead of Merchandise or Services

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

(a) If a burial association that issues an insurance certificate fails or refuses to provide the merchandise or services specified by the certificate, the association shall pay the benefit in cash.

(b) If a burial association that issues an insurance certificate is not given the opportunity to provide the merchandise or services specified by the certificate, instead of the specified merchandise or services, the association shall pay the greater of:

(1) the total amount paid into its mortuary fund to the credit of that certificate's account;  or

(2) the percentage of the certificate's face value specified by the certificate.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 888.102. Payment Instead of Merchandise or Services - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-888-102/

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