Tex. Fin. Code § 154.107

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 154.107 - Required Renewal for Sellers
(a) A seller that has outstanding contracts shall renew the seller's permit until the contracts are fully discharged.
(b) A seller may renew the seller's permit as an unrestricted permit if the seller:
(1) wishes to continue to sell prepaid funeral benefits; and
(2) demonstrates to the commissioner that the seller continues to meet the qualifications and satisfy the requirements that apply to an applicant for a permit.
(c) A seller must renew the seller's permit as a restricted permit if the seller:
(1) cannot demonstrate to the commissioner that the seller continues to meet the qualifications and satisfy the requirements that apply to an applicant for a permit; or
(2) no longer wishes to sell prepaid funeral benefits.
(d) A seller that holds a restricted permit may not sell prepaid funeral benefits during the period a restricted permit is in effect. A contract entered into by a seller that at the time the contract is entered into holds a restricted permit is void and unenforceable and is not eligible for payment from a guaranty fund established under this chapter.

Tex. Fin. Code § 154.107

Amended by Acts 2013, 83rd Leg. - Regular Session, ch. 39,Sec. 2, eff. 9/1/2013.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.