Tex.
Ins. Code Section 888.052
Payment of Annual Assessment
(a)
Each burial association shall pay the annual assessment imposed by Section 888.051 (Imposition of Annual Assessment; Amount) to the department between January 1 and March 1 at the same time the association files its annual statement with the department.(b)
Annual assessments collected under this section shall be deposited to the credit of the Texas Department of Insurance operating account. Sections 201.001 (Texas Department of Insurance Operating Account) and 201.002 (Accounting Procedure) apply to the assessments.(c)
All assessments paid to the department under this section are for the use and benefit of the department to:(1)
obtain advice, information, and knowledge relating to adequate and reasonable rates for burial associations in this state;(2)
compile records for purposes of Subdivision (1); and(3)
implement Sections 888.051 (Imposition of Annual Assessment; Amount), 888.052 (Payment of Annual Assessment), 888.102 (Payment Instead of Merchandise or Services)(b), 888.151 (Data Collection Related to Rates), 888.152 (Adoption of Rate Schedule), 888.153 (New or Amended Rate Schedules), 888.154 (Contracts with Experts and Consultants), 888.155 (Retention of Burial Association’s Initial Rate Schedule), 888.156 (Change of Rates by Burial Association), 888.157 (Continuation of Former Rates), 888.202 (Rate Violations), 888.203 (Connection Between Burial Associations), and 888.204 (Certain Affiliations Between Burial Associations and Funeral Homes Prohibited).
Source:
Section 888.052 — Payment of Annual Assessment, https://statutes.capitol.texas.gov/Docs/IN/htm/IN.888.htm#888.052 (accessed Jun. 5, 2024).
