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Tex. Fin. Code § 154.352

ASSESSMENT ON SALES CONTRACTS

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff

(a) The department shall assess and collect from a seller not more than $1 for each unmatured prepaid funeral benefits contract sold during each calendar year and shall deposit the assessments in the fund.

(b) The department shall stop assessing the amounts required by Subsection (a) when the amount in the fund first reaches $1 million.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.