Tex. Ins. Code Section 888.102
Payment Instead of Merchandise or Services

(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.

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.

Source: Section 888.102 — Payment Instead of Merchandise or Services, https://statutes.capitol.texas.gov/Docs/IN/htm/IN.888.htm#888.102 (accessed May 4, 2024).

888.001
Definitions 888.002
Liberal Construction 888.003
Bylaws of Burial Associations 888.004
Rules to Implement Purposes of Chapter 888.005
Applicability of Texas Non-profit Corporation Act 888.006
Applicability of Other Law 888.051
Imposition of Annual Assessment 888.052
Payment of Annual Assessment 888.101
Insurance Certificates Issued by Burial Association 888.102
Payment Instead of Merchandise or Services 888.103
Insurance Certificate Forms 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 888.158
Failure to Comply with Commissioner Rate Orders 888.201
Unauthorized Providing of Burial or Funeral Benefits 888.202
Rate Violations 888.203
Connection Between Burial Associations 888.204
Certain Affiliations Between Burial Associations and Funeral Homes Prohibited 888.205
Violation of Chapter

Accessed:
May 4, 2024

§ 888.102’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._ins._code_section_888.102

Original Source: Section 888.102 — Payment Instead of Merchandise or Services, https://statutes.capitol.texas.gov/Docs/IN/htm/IN.888.htm#888.102 (last accessed May 4, 2024).