Texas § 154.107 REQUIRED RENEWAL FOR SELLERS.

Texas Statutes

§ 154.107 — REQUIRED RENEWAL FOR SELLERS.

Texas § 154.107

Code FIFinance Code

This text of Texas § 154.107 (REQUIRED RENEWAL FOR SELLERS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Finance Code Code Ann. § 154.107 (2026).

Text

Sec. 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 r

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 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.

Legislative History

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by: Acts 2013, 83rd Leg., R.S., Ch. 39 (S.B. 297 ), Sec. 2, eff. September 1, 2013.