154.052 – ANNUAL REPORT. (a) The department may require a
Texas Finance Code § 154.052
Summary
This law mandates that permit holders with outstanding prepaid funeral benefit contracts must submit an annual report. Additionally, sellers who stop selling these benefits but still have outstanding contracts are required to continue submitting reports until all contracts are fulfilled.
Permit holders must report annually on prepaid funeral contracts.
Sellers discontinuing benefits must report until contracts are discharged.
Reports must follow the format required by the commission's rules.
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In simple terms: Learn about Texas's ANNUAL REPORT. (a) The department may require a law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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