Texas Statutes
§ 887.356 — DIVISION OF FUNDS: ASSESSMENT-AS-NEEDED ASSOCIATIONS.
Texas § 887.356
JurisdictionTexas
Code INInsurance Code
This text of Texas § 887.356 (DIVISION OF FUNDS: ASSESSMENT-AS-NEEDED ASSOCIATIONS.) 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. Insurance Code Code Ann. § 887.356 (2026).
Text
Sec. 887.356. DIVISION OF FUNDS: ASSESSMENT-AS-NEEDED ASSOCIATIONS.
(a)An association operating on an assessment-as-needed basis shall divide collected assessments into at least:
(1)a mortuary fund; and
(2)an expense fund.
(b)An association under this section shall deposit into a mortuary fund an amount equal to at least 60 percent of the association's assessments, not including membership fees.
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Legislative History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Nearby Sections
15
§ 887.001
DEFINITIONS.§ 887.002
PURPOSE.§ 887.003
APPLICABILITY OF CHAPTER.§ 887.006
CONSTRUCTION.§ 887.007
DEPOSIT OF FEES.§ 887.009
RULES.§ 887.051
BYLAWS.§ 887.052
AMENDMENT OF BYLAWS.§ 887.053
IMMUNITY.§ 887.054
FINANCIAL OFFICER; BOND.§ 887.056
RECOVERY ON BOND.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 887.356, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/IN/887.356.