Texas Finance Code 154.101 – Permit Requirement
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Texas Finance Code 154.101
- Contract: A legal written agreement that becomes binding when signed.
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
A person must hold a permit issued under this subchapter to:
(1) sell prepaid funeral benefits, or accept money for prepaid funeral benefits, in this state under any contract; or
(2) solicit an individual’s designation of prepaid funeral benefits to be provided out of a fund, investment, security, or contract, including a contract or policy of insurance authorized, and sold under a license issued, by the Texas Department of Insurance, to be created or purchased by that individual at the suggestion or solicitation of the seller.