Tex. Fin. Code § 154.254

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 154.254 - Amount Payable on Cancellation of Contract

A purchaser of a trust-funded prepaid funeral benefits contract who cancels the contract during the first year of the contract when payments required under the contract are current is entitled to receive, regardless of the amount held in trust, the greater of:

(1) 90 percent of the actual amount paid by the purchaser; or

(2) the amount deposited in trust with respect to the purchaser's contract.

Tex. Fin. Code § 154.254

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.