Tex. Ins. Code § 4054.157

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 4054.157 - Limit on Agent's Authority

Except as provided by Section 154.2021, Finance Code, a funeral prearrangement life insurance agent licensed under this subchapter may not write any coverage or combination of coverages with an initial guaranteed death benefit on any life that exceeds the total cost of the prepaid funeral benefits purchased under the prepaid funeral contract.

Tex. Ins. Code § 4054.157

Amended By Acts 2011, 82nd Leg., R.S., Ch. 615, Sec. 1, eff. 9/1/2011.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. 4/1/2005.